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
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
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
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
Deciding whether or not to opt to tax a property is often far from straightforward. However, if you reclaimed the VAT you paid for its purchase or construction it might be a no-brainer. Why?
Published 01.11.2017
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
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
The Upper Tribunal recently ruled that charging rent for a market stall pitch was standard rated, even thought letting land or property is usually exempt. Does this mean that you’ll now have to
charge VAT if you let a business premises?
Published 10.11.2016
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