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    True, If Not Made in The Regular Course of Trade or Business False, It Is Exempt If What Is Sold Is A Residential Unit True, Sale of Real Estate Is Subject To VAT

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    naztig_017
    Sale of real estate is subject to VAT, even if it is not made in the regular course of trade or business and the real estate is classified as a capital asset. However, the sale of a residential unit is exempt from VAT.

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    True, If Not Made in The Regular Course of Trade or Business False, It Is Exempt If What Is Sold Is A Residential Unit True, Sale of Real Estate Is Subject To VAT

    Uploaded by

    naztig_017
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    Sale of real estate is subject to VAT, even if it is not made in the regular course of trade or business and the real estate is classified as a capital asset. However, the sale of a residential unit is exempt from VAT.

    Original Description:

    Tax Review Question

    Original Title

    T15

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    Sale of real estate is subject to VAT, even if it is not made in the regular course of trade or business and the real estate is classified as a capital asset. However, the sale of a residential unit is exempt from VAT.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    5 views1 page

    True, If Not Made in The Regular Course of Trade or Business False, It Is Exempt If What Is Sold Is A Residential Unit True, Sale of Real Estate Is Subject To VAT

    Uploaded by

    naztig_017
    Sale of real estate is subject to VAT, even if it is not made in the regular course of trade or business and the real estate is classified as a capital asset. However, the sale of a residential unit is exempt from VAT.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    Question: Sale of real estate is subject to VAT

    true, if not made in the regular course of trade or business


    false, it is exempt if the real estate is classified as capital asset
    false, it is exempt if what is sold is a residential unit
    true, sale of real estate is subject to VAT

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