Your parents sold the house that you live in, which they own. Is the sale of your

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Your parents sold the house that you live in, which they own. Is the sale of your house subject to Value Added Tax (VAT)? Explain why or why not.

Related Book For answer-question

South Western Federal Taxation 2015 Essentials of Taxation Individuals and Business Entities

ISBN: 9781285438290

18th edition

Authors: James Smith, William Raabe, David Maloney, James Young

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Posted Date: Apr 27, 2022 07:30 AM

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Your parents sold the house that you live in, which they own. Is the sale of your

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Expert Answer:

ANSWER Yes As a rule any person who in the course of trade or business sells barters exchanges lease... View the full answer

South Western Federal Taxation 2015 Essentials of Taxation Individuals and Business Entities

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