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 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 landlord of a commercial property “opting to tax” will entitle you to reclaim VAT on its running costs. But if you’re renting out just part of a building, opting can land you with a costly
problem for the future. What is it?
Published 05.02.2015
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
You plan to extend your house to accommodate an office for your business. A colleague has told you that this means VAT will have to be accounted for when you sell the property. Is he correct?
Published 21.09.2016
You’ve bought a holiday home which you intend to let when you’re not using it. You thought renting residential accommodation was VAT exempt, but you’ve now been told you should charge it. Why, and
does this mean you need to register?
Published 09.04.2018
Doing up a property as a buy to let can be expensive. But in some situations you can lower the cost by using tax breaks that reduce the VAT. What are these and how can you take advantage?
Published 11.04.2014
Although the law on taxing new builds was set in tablets of stone back in 1992, the VATman still tries to “cheat” taxpayers on occasions. If he tries to take the shine off your speculative venture
what should you do?
Published 05.05.2005
Your company makes both VATable and exempt sales, which means it can’t recover the VAT it pays on some purchases. Working this out involves several steps. How can you ensure you maximise the VAT
reclaimable?
Published 12.12.2014