The first thing to consider for any property transaction is the recoverability of any VAT which may be incurred. This initially depends on the intended use of the property in question. Specifically, will a buyer or tenant be letting or licencing the property for others to use, or will they be using the property for their own trade?
Source: Farrer & Co
Latest Posts in "United Kingdom"
- Updated Form VAT2: Partnership Registration Now Requires Each Partner’s Date of Birth
- Lowering VAT Threshold Risks Breaching Labour’s Manifesto, Warns Self-Employed Association
- UK Court Denies Casino’s Appeal for Alternative VAT Calculation, Blocking Tax Reduction
- Looking Again At Options To Tax supplies of land or buildings
- High Court Rules Curaçao Bank Unaware of £220m VAT Fraud, Dismissing Liquidators’ Claims