TRUE OR FALSE; Mathilda is a registered VAT vendor. She operates a commercial property letting agency. Mathilda owns a residential flat (FLAT 1) in THE PLACE sectional title scheme. Lebogang is a registered VAT vendor. Lebogang also operates a commercial property letting agency. Lebogang wants to buy Mathilda's flat in THE PLACE. The parties agree as follows: 1. Mathilda and Lebogang are VAT vendors; 2. On 1 June 2021, Mathilda will transfer in Lebogang's name, FLAT 1, THE PLACE. 3. On 1 June 2021, Mathilda will enter into a lease agreement with Lebogang for FLAT 1. THE PLACE at R15 000 per month; 4. The sale of the FLAT 1, THE PLACE is the sale of a going concern (residential letting) which is subject to VAT at zero per cent; 5. The pruchase price of R1.7 million in inclusive of VAT at zero per cent. On 1 June 2021, Mathilda transfers FLAT 1 in Lebogang's name and immediately enters into a lease agreement for FLAT 1 (Sale and lease-back agreement). The sale of FLAT 1 constitutes a sale of a going concern subject to VAT at zero per cent