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
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
One of our subscribers has agreed to waive the arrears of rent owed by her tenant. In return the tenant will give up the lease on the property so that a new lease can be granted to a new tenant. Our
subscriber wants to know if there’s VAT to pay?
Published 03.11.2021
You need to extend your business premises. The trouble is that while the landlord has granted permission you’ll actually pay for the work. As your business will benefit you’re okay with this, but can
you recover the VAT on the cost?
Published 20.02.2017
Our subscriber is buying the freehold in a property, part of which he wants to convert to residential use. The other part is let to a charity with some years left to run on the lease. The seller
wants to add VAT to the wholesale price. Is he right to do so?
Published 27.09.2021
Renting out residential property is an exempt supply, which usually means you can’t reclaim any of the VAT you’ve paid on running costs. But if you’re already VAT registered, might there be a way to
get around this rule?
Published 31.05.2011
You moved your business to new premises. Under the terms of the lease work was done on the old premises to restore it and your former landlord billed you for it, including VAT. Your accountant says
VAT wasn’t payable and you should demand it back. Why?
Published 19.04.2023
If you’re buying or selling property in this depressed market, there’s an important change around the corner which could save buyers both VAT and Stamp Duty. And if you’re selling, it could make it
easier to find a buyer. What’s the story?
Published 15.05.2009
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
One of our subscribers revamped the fencing around the field adjoining his property, which cost him a tidy sum. He isn’t VAT registered but his company is. Can he put the invoices through the company
to reclaim the VAT?
Published 17.05.2011