Hi everyone.

If an sales agreement states that the fixed property will be transferred at the end of a 5 year period with equal annual installments, does the company qualify for the deemed input (seller is non-vendor) on the annual payments or should he wait until the property is transferred and the transferred duty is paid?

In normal circumstances VAT would be claimed on the annual payments. I am unsure how to handle this, as the transfer duty will only be paid after the 5 year period.

If further information is required please let me know.

Thank you