Businesses involved in mergers and acquisitions are accustomed to jumping through the necessary hoops to confirm that they are entitled to recover VAT on the costs of acquiring a new subsidiary. However, a recent tribunal appeal has looked at a corporate finance transaction from the seller’s point of view, considering whether a holding company was eligible to reclaim VAT incurred in the course of selling the shares of a subsidiary company to a new owner.
Source RSM
See also
- FTT Hotel la Tour Limited – December Tribunal Confirms VAT incurred on costs of selling a subsidiary is recoverable
- FTT: Sale of shares, recovery of VAT on professional services (Hotel La Tour Ltd)
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