Page 113 - ADVANCED TAXATION - Day 1 Slides
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Example (Suspensive-sale Agreement)
Assume the same information as in the previous example, except
that it is now a delivery vehicle acquired in terms of a suspensive-
sale agreement, which provides for a deposit of R14 000 payable on
15 May of the current tax year.
The monthly instalments are R3 675, and finance charges totalling
R34 300 will be paid over the 36-month period.
Discuss the VAT implications of the above transaction.
