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1. XYZ Realtors (Pty) Ltd is a real estate company and is registered as a vendor for VAT. Explain how the Value Added Tax Act

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1. XYZ Realtors (Pty) Ltd is a real estate company and is registered as a vendor for VAT. Explain how the Value Added Tax Act 89 of 1991affects the company with regards to the sale or lease of immovable property? (9) 2. What would the position be if XYZ Realtors had failed to register as a vendor for VAT? (1) [10]

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