VAT - Land & property

Recently added Tips & Advice

PROPERTY TRANSFER - 07.07.2020

Gift of property to spouse: the VAT consequences

You own a commercial property that you let to an unconnected business. This has an option to tax in place. You would like to transfer 50% of this to your spouse for income tax planning purposes. What VAT challenges does this create?
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CORONAVIRUS - BUILDERS’ REVERSE CHARGE - 07.07.2020

Rule changes for builders delayed again

The new reverse charge rules for the construction industry will now take effect on 1 March 2021 to help builders affected by the coronavirus crisis. What does the delay mean for your business?
Read more

PURCHASING PROPERTY - 01.06.2020

Property seller changes their mind about charging VAT

A subscriber has agreed to buy an empty warehouse. The seller said they will charge VAT on the sale so the subscriber opted to tax the building. The seller has now stated that the sale will be VAT exempt. What does this mean for our subscriber?
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VAT - 28.05.2020

VAT charges for enticing a tenant

You own a commercial property but don’t have a tenant. To attract one you’re offering a financial inducement - a cash lump sum or a rent-free period. What’s the VAT position for you and the prospective tenant?
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LETTING - 01.05.2020

Do you charge VAT if another business trades in your shop?

Your retail business owns a shop. Another business owner has asked if they can pay for some space to promote and sell their own products. What are the VAT issues to consider with this proposal?
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COMMERCIAL BUILDINGS - 09.04.2020

Selling office buildings to a residential developer

Your business owns an opted commercial building that you have rented out to a tenant. The tenant is shortly to vacate, and you will sell it to a developer who intends to convert it into apartments. What are the VAT issues and potential pitfalls?
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VAT - Land & property

Most read Tips & Advice

VAT - 28.05.2020

VAT charges for enticing a tenant

You own a commercial property but don’t have a tenant. To attract one you’re offering a financial inducement - a cash lump sum or a rent-free period. What’s the VAT position for you and the prospective tenant?
Read more

CORONAVIRUS - BUILDERS’ REVERSE CHARGE - 07.07.2020

Rule changes for builders delayed again

The new reverse charge rules for the construction industry will now take effect on 1 March 2021 to help builders affected by the coronavirus crisis. What does the delay mean for your business?
Read more

PROPERTY TRANSFER - 07.07.2020

Gift of property to spouse: the VAT consequences

You own a commercial property that you let to an unconnected business. This has an option to tax in place. You would like to transfer 50% of this to your spouse for income tax planning purposes. What VAT challenges does this create?
Read more

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