Zimny v van Wyk and Others (HC-MD-CIV-ACT-CON-2021/02437)
Zimny v van Wyk and Others (HC-MD-CIV-ACT-CON-2021/02437) [2023] NAHCMD 170 (15 April 2023)
The defendant was contractually obliged to pay VAT in addition to the purchase price if the transaction was not zero rated. The contract clearly placed the responsibility to register for VAT on the defendant, who failed to do so and took transfer of the property. The defendant's reliance on alleged advice from the third parties did not absolve him of his contractual obligations. The third parties were not liable to indemnify the defendant for the VAT, as the defendant's own inaction was the cause of his loss. However, the third parties were liable for the overpayment of transfer duties, as th…
Source excerpt
- Interpretation of contracts
- Value added tax (vat) liability
- Transfer duty calculation
- Duty of care by conveyancers
- Condition precedent in contracts
- Zero rating of property transactions