Posted on 8/12/2025 2:57 PM By Cor van Deventer
For businesses that regularly purchase pre-owned assets—whether machinery, vehicles, furniture, or even certain fixed property—understanding how notional input VAT on second-hand goods works can create measurable cash flow savings. But it’s not a free-for-all. The rules are technical, the definitions are specific, and non-compliance can result in SARS rejecting the claim entirely.