To claim or not to claim—VAT, that Is…
Some vehicles you cannot claim VAT on, some you can—and knowing the difference can save you a lot of money. When can you claim input VAT on a vehicle? Most businesses that are registered for VAT will be aware that you generally cannot claim input VAT on the purchase of a ‘motor car’ as defined […]
Gold Is at record levels—What now?
Although gold is known as a ‘safe-haven’ investment, normal fundamentals still apply. The gold price recently reached another all-time high, prompting investors to reassess their current exposure. Is it time to take profit for those who have held positions in gold, or is it better to just hold on? And if an investor does not […]
Travel claims, but no allowance?
For commission-earners and the self-employed, the rules are slightly different—but travel costs can be claimed. The mistake that I make when writing articles about travel allowances is that I tend to forget that not all of us are ‘wage slaves’. Indeed, there are many taxpayers for whom the saying, “If a man will not work, […]
How a Latin phrase affected a recent property dispute case
In essence, the Latin phrase nec vi, nec clam, nec precario translates to “without force, without secrecy, and without permission”. According to the Prescription Act, a person can become the owner of property through prescription if they have possessed it openly as the owner for an uninterrupted period of 30 years, or for a period […]