This dissertation deals with the effect of value-added tax on
small to medium-sized developers of residential properties in
South Africa.
Firstly, the way value-added tax is applied to residential
properties in South Africa was established. It was
ascertained that no special concessions exist with regard to
housing.
Secondly, the application of value-added tax to residential
properties in the United Kingdom was discussed. It was
ascertained that supplies relating to new residential
premises are zero-rated.
Thirdly, the application of goods and services tax to
residential properties in Canada was discussed. Canadian
goods and services tax and harmonious sales tax legislation
contains a broad range of special concessions relating to
residential property developments. The harmonious sales tax
which applies in some provinces, is a combination of goods
and services tax and a provincial sales tax.
Fourthly, the way goods and services tax is applied to
residential property developments in Australia was
determined. Australian legislation provides for a margin
scheme to be applied to the development of residential
properties. In terms of the margin scheme, goods and
services tax is payable on the basis of profit rather than
turnover. Transfer duty as applied in South Africa was examined as an
alternative to the value-added tax being applied on
residential properties developed by developers registered for
value-added tax purposes.
The legislation with regard to developers of residential
properties registered for value-added tax, goods and services
tax and harmonious sales tax purposes was measured against
the principles of taxation. On the basis of these results,
an alternative to the current application of value-added tax
relating to developers registered for value-added tax
purposes in South Africa was proposed that would be in line
with that of the selected countries. / Economics / M. Com. (Accounting)
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:unisa/oai:umkn-dsp01.int.unisa.ac.za:10500/966 |
| Date | 11 1900 |
| Creators | Julyan, Leoni |
| Contributors | Hamel, E. H. (Edna Helena), 1960-, Cronjé, M. |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Dissertation |
| Format | 1 online resource (xiv, 370 leaves) |
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