- Value added tax and real estate is a common topic in VAT advisory services
- Three ways to account for the sale of a property for VAT purposes: exempt supply, voluntarily taxed supply, notification procedure
- Sale of a property as an exempt supply means the sales transaction itself does not trigger VAT
- Example 1: Hans Muster AG sells property as an exempt supply, resulting in a change of use and input tax adjustment
- Example 2: Hans Muster AG includes input tax deduction for renovation of property before selling it as an exempt supply
Source: primetax.ch
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
