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
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
If you rent your premises then, directly or indirectly, you could be paying VAT on the costs which your landlord incurs and passes on to you. But are you entitled to reclaim any of it?
Published 04.04.2014
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
One of our subscribers was converting an old office building into flats and asked us whether there were any top tax tips we could give her. She had done her research and was pretty clued up, but she
nearly missed out on a big VAT saving.
Published 22.06.2010
Your business is moving and you’re thinking of buying the new premises in your personal name, but there’s a possible drawback. Might personal ownership prevent recovery of VAT on costs relating to
maintenance and improvement of the property?
Published 06.02.2024
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
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
One of our subscribers, who runs a VAT-exempt business, is relocating, mainly to avoid paying VAT on rent. He’s been lumbered with a VAT charge on the deposit received back from his existing
landlord. Is there a way he can recover this?
Published 08.02.2012
As a landlord you’ve probably heard about the VAT option to tax. While it can work to your advantage it has long-term consequences. How long does an option usually last and is there a way to end it
sooner?
Published 22.09.2015