Page 67 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 67
Example
Jo Ndlovu is a property magnate and a vendor. During the current
tax period Jo earned the following amounts:
R
Letting of townhouses (purely for residential purposes) 42 000
Short-term stay (less than 28 days) in bed and breakfast hotels
(including VAT) 15 000
Board and lodging in boarding houses (all periods longer than 28
days – excluding VAT) 30 000
Calculate the output tax in respect of the income earned.
