NOTIONAL INPUT TAX CREDIT: FIXED PROPERTY ACQUIRED BY A VAT VENDOR FROM A NON-VAT VENDOR
Friday, 10 January 2020
INTRODUCTION Where a VAT Vendor acquires fixed property from a Non-VAT Vendor, such transaction is subject to Transfer Duty at the prescribed rates. Prior to 10 January 2012, the purchasing VAT-Vendor was (under certain circumstances) able to claim the transfer duty paid in respect of the acquisition from SARS as a notional input tax credit.
- Published in 2015, Notarial Law
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Fischer v Ubomi Ushishi Trading CC and Others 2019 (2) SA 117 (SCA).
Monday, 19 August 2019
BACKGROUND AND SUMMARY This matter considered whether a real right to a half-share in immovable property vests in a spouse, immediately after the dissolution of a marriage. More specifically, the court was tasked with determining whether the real right to the half-share in the immovable property vested in terms of a court order, incorporating a
- Published in 2019, Family Law, News, Property Law
NPGS Protection and Security Services CC and Another v FirstRand Bank Ltd (314/2018) [2019] ZASCA 94 (6 June 2019)
Thursday, 15 August 2019
BACKGROUND AND SUMMARY The Supreme Court of Appeal (“the SCA”) recently dismissed an appeal brought by NPGS Protection and Security Services CC (“the First Appellant”) and Mr. Llwellyn Rwaxa (“the Second Appellant”), herein after collectively referred to as “the Appellants” against a judgment of the High Court of South Africa, Gauteng Local Division, Johannesburg (“the
- Published in 2019, Civil Procedure, News
