- STS provides clarification on VAT liability timing for non-residential immovable property sales
- The guidance addresses situations where sale prices are paid through installment arrangements
- Tax liability determination becomes complex when payments are spread over multiple periods
- The clarification helps establish when VAT obligations begin for property transactions
- This affects both buyers and sellers in commercial real estate dealings
Source: research.ibfd.org
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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