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
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
The tenant that rents one of your properties wants to move to smaller premises and sublet your property to someone else. You have no objection, but as you opted to tax the property how might this
affect your VAT position?
Published 01.06.2021
You’re buying new premises for your business. VAT is payable on the price, but you’ll only have to fund this until you reclaim it on your next VAT return. However, why do you need to think beyond
this?
Published 28.11.2014
Our subscriber is in the process of leasing a property to a tenant who will use the ground floor for her retail business and the upper floor as living accommodation. Could opting to tax the property
save her VAT?
Published 07.09.2021
You own a commercial property but don’t have a tenant. To attract one you’re offering a financial inducement - a cash lump sum or a rent-free period. What’s the VAT position for you and the
prospective tenant?
Published 28.05.2020
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
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
From 1 November 2018 property service companies will no longer be able to use HMRC’s concession to exempt certain types of supply. As a landlord how might this affect you?
Published 27.09.2018
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