You personally own a buy-to-let property and you also own a company. The rules don’t allow you to reclaim the VAT paid on your property letting costs. How can you use your company to reclaim the VAT?
Published 19.10.2022
As a partially exempt business the amount of VAT you can recover on purchases is restricted unless overridden by the de minimis rules. These can be applied in different ways, but which produces the
best outcome?
Published 13.05.2020
It’s no secret that the buy-to-let market has recently been targeted with increased and additional taxes. However, some landlords might be overlooking a tax-saving opportunity. What’s involved?
Published 07.07.2016
Our subscriber recently moved to larger premises with enough room to let part to another business. HMRC’s helpline warned that this might result in a reduced entitlement to reclaim VAT. Why, and how
can this trap be avoided?
Published 02.04.2020
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
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 you’re registered you can reclaim VAT you pay on purchases. However, there’s more to it than that. What are HMRC’s must-follow rules and how can they be used to boost VAT recovery?
Published 04.02.2014
When you bought your current premises you reclaimed the VAT included in the purchase price. Now you’re moving to bigger premises and selling the old property how should you handle the VAT?
Published 13.06.2019
Our subscriber owns an unoccupied commercial property. She plans to convert it into two flats on the upper floors and a retail unit on the ground floor, which she’ll let. How much of the VAT paid on
the conversion costs can she reclaim?
Published 26.05.2023
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