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
It’s no secret that the buy-to-let market has recently been targeted with increased and additional taxes. However, some landlords might be overlooking a tax-saving opportunity. What’s involved?
Published 07.07.2016
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
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
As a landlord, making an option to tax a property can reduce your costs by allowing you to reclaim VAT on your expenses. But an option can work against you, e.g. by limiting the market when you sell.
In what circumstances can you revoke an option?
Published 12.06.2023
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
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
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
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
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