Viewpoints: VAT implications: temporary residential letting
The latest VAT Act amendment concerns the temporary letting of fixed property by developers (Taxation Laws Amendment Act 2021). The change comes into effect on 1 April 2022. New sections 9(13), 10(29), 16(3)(o), and 18D cover this amendment. Muneer Hassan CA(SA) Tax Consultant, Senior Lecturer in Taxation at UJ and Lecturer on the Gauteng Board…