LAND OPTIONS
Can input tax be claimed on option fee to purchase land?
One of our subscribers has a deal with a local farmer, giving them first refusal to purchase ten acres of land if the farmer decides to sell it in the next ten years. Is the farmer right to charge VAT on the fee and can our subscriber claim input tax?
Login
Subscribe
Access to this part of
Tips & Advice Business Database is only available to subscribers.
Don't have a subscription?
Subscribe now for immediate access to all the features.
