Page 31 - F6 Slide - Taxation - Lecture Day 4

Example

Speedy purchased a motor car, a coffee machine for the

canteen and a printer. He paid the following for these items:

 Motor car: R143 000 (including VAT – input tax denied)

 Coffee machine: R457 (including VAT – input tax denied)

 Printer: R6 900 (including VAT)

He then sells all three items.

Explain the VAT consequences relating to the

purchase and sale of the motor car, coffee machine

and the printer.