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Change in the permitted use of a building

The FTA has recently issued a public clarification under UAE VAT law that discusses the VAT treatment with respect to change in the permitted use of a building. Sale of a building may be zero-rated, standard-rated or exempt from VAT, depending on the nature of the building and the permitted use thereof at the date of supply. We have summarised below the gist of the key UAE VAT positions discussed in the clarification.