You're steps closer to owning your new vehicle! Please fill in the VAT and vehicle purchase documents below and submit it to us.
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Declaration for the supply of second-hand, repossessed or surrendered goods. To be used for registrable and non-registrable goods.
A vendor deducting notional input tax on movable second-hand, repossessed or surrendered goods must ensure that all the information required in terms of section 20(8) of the Value-Added Tax Act, No 89 of 1991 (VAT Act), is furnished by the supplying the goods, and must be attached to this declaration.
4.1. "Notional input tax" means paragraph (b) of the definition of "input tax" in section 1 of the VAT Act
4.2. If the answer to 1.5 or 1.6 is "NO", notional input tax cannot be deducted
4.3. If the answer to 1.9 is "YES" notional input tax cannot be deducted. A valid tax invoice is required from the supplier
4.4. Unless SARS has issued a VAT ruling or a Binding General Ruling to the contrary, notional input tax is limited to the lesser of the amount paid for the supply, or the open market value of that supply, in addition, if the payment of the selling price is not made in full, notional input tax is limited to the extent of the payment made.
has rights/interest and title herein;
I guarantee and warrant the vehicle against eviction of any third party claim and indemnify the buyer against any loss result, therefore upon delivery, if any further reconditioning that is needed on the vehicle, or new damage, that is found, or any spray work that is picked up, we shall reserve the right to re-value. If maintenance plan and/or factory warranty is affected, or any claims are rejected from the franchise after the purchase is completed, as a result of any neglect from the seller,we shall have the right to claim from the seller;
I declare the information provided, is to the best of my knowledge, true and correct, and that I have not withheld any facts, which if disclosed, may affect the purchaser's decision to purchase the aforesaid vehicle.
I hereby confirm the following: