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Buy YourCar purchased two Toyota Corolla sedans, one was a 2 0 2 1 model and the other was a 2 0 2 2 model

Buy YourCar purchased two Toyota Corolla sedans, one was a 2021 model and the other was a 2022 model priced at R205000 and 230000respectively. These two cars were both purchased from individuals who are non-vendors for the purposes of resale. The market value of the 2021 model is R200000 and the market value of the 2022 model is R210000.YOU ARE REQUIRED TO pick the correct statement from the statements below regarding input tax claimable on the purchase of the two cars:53F@2Wa.b..Previous pageNotional input tax amounting to R53478 is claimable on the purchase of the two vehicles on the lesser of purchase price and theopen market value.Input tax amounting to R56739 is claimable on the purchase prices of the vehicles.Input tax of is denied on the purchase of the two Toyota Corolla sedans because these are motor cars as defined in the VAT Act.

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