Page 38 - ADVANCED TAXATION - Day 1 Slides
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                          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.
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