Where a commercial property is VAT-exempt, you don’t have to charge VAT on rent. However, you’re making costly improvements and the exempt status means you won’t be able to reclaim the VAT on these
costs. Is there a solution?
Published 11.07.2012
Many new companies incur significant amounts of input VAT on start-up costs before they make any taxable supplies. Do you really have to wait to get your cash back from the VATman?
Published 30.03.2006
Until recently, property development was seen as a good investment. But now many developers have houses they can’t sell and have resorted to renting them out. But this can lead to a VAT trap. What is
it, and how can it be avoided?
Published 04.12.2008
You have planning permission to convert an empty commercial property into flats. You haven’t decided whether to let or sell the property when they are completed. Are there any VAT pros or cons that
might affect your decision?
Published 06.01.2022
If a tenant is struggling to pay you rent, rather than see them go bust and lose the income altogether, granting a rent-free period could benefit you both. How would this affect your tax position?
Published 07.01.2021
As a landlord, making an option to tax a property can reduce your costs by allowing you to reclaim VAT on your expenses. But an option can work against you, e.g. by limiting the market when you sell.
In what circumstances can you revoke an option?
Published 12.06.2023
In a recent tribunal case the VATman used a different interpretation of the law concerning claims for pre-registration input VAT. Will this affect any claim you’ve already made or could make in
future?
Published 21.10.2004
You know that the VATman normally blocks recovery of input VAT on cars. But if you already have a car and are thinking of buying a second vehicle it might be possible for you to claim the VAT back on
it following a recent case. Read on.
Published 19.05.2005
You’re thinking of moving your “working at home” space out of your spare bedroom and into a summerhouse at the bottom of the garden. What is the most VAT-efficient way of handling this relocation?
Published 05.07.2007
You know that there is more input VAT to claim for this VAT return but you haven’t got all the paperwork in yet. Do you have to wait until your next VAT return to claim this, or is there a way to get
the VAT back now?
Published 25.05.2006