SAIPA Professional Evaluation Exams 2016 - Important dates
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My Client opened his business in August 2012. He had to buy 2 x New LDV's for the CC but bought it on his personal name, as no financial institution were willing to finance the vehicles in the name of the CC.
A double cab bakkies (LDVs) is defined as a motor car in terms of the Vat Act. Section 17 2 (b) of the VAT Act specifically denies input tax deductions on the motor car (for example, LDVs). it is not relevant that the LDVs are used for business purposes; deductions of input tax is specifically denied.