Taxation
Notes
, Sechaba Mashinini
Insurance claims
Cunless insurance company gives you the asset back NOT MONEY
Imports and services imported :
WAT Clawback
shares v
giving lamdly cleaning type meals deal
Commercial Accommodation (lodge
or or
and boarding + Domestic services for benent)
is needed
meaning 120001
You can deregister for UAT If you fall outside of R120, 000
R120,000 (not first 12 but ANY 12 months) but its
Any annual receipts in a 12 month cycle must be > a choice
from will be
charged output
day
7 : of the all inclusive charge I VAT
VAT charge
Residential Accommodation : Provide
dwelling in a structure building Lind Hiring letting
. NOT SALES) for long torm
↳ includes EG and ER for Et benefit
lodging if Ef entitled to it due to employment and ER operates this dwelling not for profit but mainly
: reasons
and Mu includes vat in its amant
always
·
Cont claim VAT in full if exempt + taxable supplies remember
input you make as %
Connected Person
·
rule doesnt apply if seller is non-vendor and buyer is a vendor
If costend ignore </p rules for UT (use cost
buyer can claim full input
·
then use
, Value Added Tax (VAT) Installment Credit Agreement :
(Rental Agreement NEVER gets ownership
Penalties for UAT VATZOI form is what fill penalty of lox interest if you lie about
·
You claim VAT in put as big ance off claim agreement payment claimAt
starting
in / w VAT amounts Crental
we can a
upon is per
when is it invoice basis and when is it At least enjoyment for installment lease
payment basis 12 months
agreementremember for ental it is
·
on each rental payment)
Eax / without and for both output and
invoices with vat
registration details a valid invoice when audited
penalties are applicable big Vat in
beginning input (emember if it is denied input from anyone's perspective and finance charges
Lessee Lessor Lessee Lesson
British airways case law Input on ICA Output on ICA Input on Rental Agreement Output on Rental Agreement
know the Section and Section list Calc input on cash cost calculated Calculate per mental
11 12 . on cash cost
output per rental amount
Short term insurance & commencing of lease &
commencing of the lease claimed per rental paid per rental
Installment Sale Agreement Installment Lease Agreement
Definition of
supply not met but because the prescribes to calculate vat must is
CALWAYS use what of actual sale where asks and rowards immediately aterminablecment of incl Ihave it s 2 m
act us we no matter are passed moneyfinance chage . . o
↳ for deemed Total Total
supplies only payment values cash cost of goods payment values cash cost of goods
· ·
Sale of a vendors / must be
going definition both parties in writing / business must be income
learning activities
:
concern se an
fixed
all assets and
necessary ports to continue
trading must be part of sale I stated in contract
Property : it vender is seller then there is output vat
if not wat then transfer
duty (buyer will pay it
·
it must be zero-rated or zero
percent you pay
if second
only
o
if non-vendor seller and
buyer is a vendor then no output for seller and buyer gets transfer duty
Orgasput
Ceasing to r ender lesser of cost or deemed output of all Time of
↳ the fixed
properly must be in
your name before
you can claim input and to the extent of payment
be mu of
supplies. supply will be
day before ceasing to be
:
a
vendo r/ it must not be because of death / use
is if
everyone isn't at all
·
deregister within vendor then
a 21
days of casement of operation a no VAT
·
14102/2025 payment of transfer
duby by Harvey vaT period
because prop
.
reg before end of
.
claimed at lower of cost or mu
·
28/02/2025 Harvey can claim national input at & R1250000X /S (claim to extent of payment
LD can claim because good is in RSA/both of residents/acquired from non-vendor/previously owned and used
a10212025
· litt owns 100% of Doma thus
they're connected persons and Donna will
pay
transfer
duty
o 20/02/2025 litt has : 'S X 3 500 000 output VAT charged Cregistered and paid during VAT period)
' because connected persons market value of
applicable the output is charged on
supply
123,000,000 X's
Donna cont claim full input because of extent of payment
· =
Non-Residents : Practical Class
deposit actually received of the house benefit
1. Is the amount of the by the seller on their own on their own behalf
Using Pyott case law =
separate trust account means not gross income
It is not kept in separate trust account for the benefit of the client and without
a
mentioning this in the scenario
means it was not kept this isn't mentioned : It is
as
gross income
2
. marriage customary recognised by laws of RSA// in intended to
or union terms of religion tenets/heberosexual relationship
due to
be permanent : they have the intention of a
long-term relationship long term dwelling showing intention although not
customary
practice being upheld (lobola) or
legality (marriage certificate) they are spouses from the long-term intention of their relationship
sach) in
legislation Sa(z)(j) source situated in the RSA
Deemed disposal non-resident for all
day before movable market value
3 .
on
becoming a
propertya alongside the advance
payment of
witholding tax 7, 5 % of 7 million. She will have the
responsibility to
pay the pro-payment of the final tax
In SASomableppeyHT
WHT
however the deemed disposal will have residence exemption of 1200
CGT a
primary o
and the rest included at 40 % subject to a
40000 natural person CGT exclusion .
↳ Transfer
Duty payable due to no VAT
↳ So this deemed
disposal excludes her immovable property of the house
Notes
, Sechaba Mashinini
Insurance claims
Cunless insurance company gives you the asset back NOT MONEY
Imports and services imported :
WAT Clawback
shares v
giving lamdly cleaning type meals deal
Commercial Accommodation (lodge
or or
and boarding + Domestic services for benent)
is needed
meaning 120001
You can deregister for UAT If you fall outside of R120, 000
R120,000 (not first 12 but ANY 12 months) but its
Any annual receipts in a 12 month cycle must be > a choice
from will be
charged output
day
7 : of the all inclusive charge I VAT
VAT charge
Residential Accommodation : Provide
dwelling in a structure building Lind Hiring letting
. NOT SALES) for long torm
↳ includes EG and ER for Et benefit
lodging if Ef entitled to it due to employment and ER operates this dwelling not for profit but mainly
: reasons
and Mu includes vat in its amant
always
·
Cont claim VAT in full if exempt + taxable supplies remember
input you make as %
Connected Person
·
rule doesnt apply if seller is non-vendor and buyer is a vendor
If costend ignore </p rules for UT (use cost
buyer can claim full input
·
then use
, Value Added Tax (VAT) Installment Credit Agreement :
(Rental Agreement NEVER gets ownership
Penalties for UAT VATZOI form is what fill penalty of lox interest if you lie about
·
You claim VAT in put as big ance off claim agreement payment claimAt
starting
in / w VAT amounts Crental
we can a
upon is per
when is it invoice basis and when is it At least enjoyment for installment lease
payment basis 12 months
agreementremember for ental it is
·
on each rental payment)
Eax / without and for both output and
invoices with vat
registration details a valid invoice when audited
penalties are applicable big Vat in
beginning input (emember if it is denied input from anyone's perspective and finance charges
Lessee Lessor Lessee Lesson
British airways case law Input on ICA Output on ICA Input on Rental Agreement Output on Rental Agreement
know the Section and Section list Calc input on cash cost calculated Calculate per mental
11 12 . on cash cost
output per rental amount
Short term insurance & commencing of lease &
commencing of the lease claimed per rental paid per rental
Installment Sale Agreement Installment Lease Agreement
Definition of
supply not met but because the prescribes to calculate vat must is
CALWAYS use what of actual sale where asks and rowards immediately aterminablecment of incl Ihave it s 2 m
act us we no matter are passed moneyfinance chage . . o
↳ for deemed Total Total
supplies only payment values cash cost of goods payment values cash cost of goods
· ·
Sale of a vendors / must be
going definition both parties in writing / business must be income
learning activities
:
concern se an
fixed
all assets and
necessary ports to continue
trading must be part of sale I stated in contract
Property : it vender is seller then there is output vat
if not wat then transfer
duty (buyer will pay it
·
it must be zero-rated or zero
percent you pay
if second
only
o
if non-vendor seller and
buyer is a vendor then no output for seller and buyer gets transfer duty
Orgasput
Ceasing to r ender lesser of cost or deemed output of all Time of
↳ the fixed
properly must be in
your name before
you can claim input and to the extent of payment
be mu of
supplies. supply will be
day before ceasing to be
:
a
vendo r/ it must not be because of death / use
is if
everyone isn't at all
·
deregister within vendor then
a 21
days of casement of operation a no VAT
·
14102/2025 payment of transfer
duby by Harvey vaT period
because prop
.
reg before end of
.
claimed at lower of cost or mu
·
28/02/2025 Harvey can claim national input at & R1250000X /S (claim to extent of payment
LD can claim because good is in RSA/both of residents/acquired from non-vendor/previously owned and used
a10212025
· litt owns 100% of Doma thus
they're connected persons and Donna will
pay
transfer
duty
o 20/02/2025 litt has : 'S X 3 500 000 output VAT charged Cregistered and paid during VAT period)
' because connected persons market value of
applicable the output is charged on
supply
123,000,000 X's
Donna cont claim full input because of extent of payment
· =
Non-Residents : Practical Class
deposit actually received of the house benefit
1. Is the amount of the by the seller on their own on their own behalf
Using Pyott case law =
separate trust account means not gross income
It is not kept in separate trust account for the benefit of the client and without
a
mentioning this in the scenario
means it was not kept this isn't mentioned : It is
as
gross income
2
. marriage customary recognised by laws of RSA// in intended to
or union terms of religion tenets/heberosexual relationship
due to
be permanent : they have the intention of a
long-term relationship long term dwelling showing intention although not
customary
practice being upheld (lobola) or
legality (marriage certificate) they are spouses from the long-term intention of their relationship
sach) in
legislation Sa(z)(j) source situated in the RSA
Deemed disposal non-resident for all
day before movable market value
3 .
on
becoming a
propertya alongside the advance
payment of
witholding tax 7, 5 % of 7 million. She will have the
responsibility to
pay the pro-payment of the final tax
In SASomableppeyHT
WHT
however the deemed disposal will have residence exemption of 1200
CGT a
primary o
and the rest included at 40 % subject to a
40000 natural person CGT exclusion .
↳ Transfer
Duty payable due to no VAT
↳ So this deemed
disposal excludes her immovable property of the house
