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VAT and Business Property – Make sure that leases are correctly documented

Whether you decide to hold your trade premises within the business, or hold them in a pension fund; personally; or in a separate property company; it is important that you can meet two key requirements (among others) in order to reclaim VAT on any rent paid:-

  1. You have a VAT invoice addressed to you; and
  2. You can show that the supply was made to you.

Source Albert Goodman

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