- Value added tax and real estate are common topics in consulting
- Three possible ways to transfer real estate for VAT purposes: exempted, voluntarily taxed, or through a reporting procedure
- Selling real estate as an exempted transaction means no VAT is triggered, but the seller may need to adjust previous VAT deductions
- Example provided of a company selling a property and needing to adjust VAT deductions for renovations
- The buyer takes over the property without VAT implications
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.
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