The Tax Council confirms that Property X can be sold without VAT. The property consists of an area of approx. 13,000 m2, on which are two buildings – a clubhouse of approx. 100 m2 (brick building) and an outbuilding of approx. 40 m2 (wood paneling).
The Tax Council confirms that Property Y can be sold without VAT. The property consists of an area of approx. 700 m2, on which there is a detached house of approx. 130 m2.
The buildings on the two areas must be demolished with a view to constructing approx. 110 homes on the area in the form of multi-storey homes and terraced houses.