Good day everyone,
I need some help please.
We are a cc and we bought a property to be used as offices. Please could someone help me and explain if we and how we could claim input VAT on this
office bought?
The following applies:
- Bought the office building for R 3 850 000.00
- Paid Transfer duty via attorneys R 135 000.00
- Total cost R 3 985 000.00
We are VAT registered and the seller was not (natural person).
As I understand we can claim input VAT on the property.
Please could someone shed some light as I don't want to make a mistake with this
Did you like this article? Share it with your favourite social network.