You own a commercial property and have opted to tax it. When you come to sell, the purchaser says your option is disapplied and you have to pay the VAT back on the purchase price. What’s going on?
Published 05.09.2011
You’ve heard about a construction firm that’s just built a small estate of ten houses but only sold three. It intends to rent out the rest until the economy improves. Will this affect the VAT
reclaimed?
Published 15.02.2011
As a property owner/investor you’ve heard a great deal about the so-called option to tax. If you do opt to tax a property it can have a significant effect on your VAT position. What does an option
cover and how long does it last?
Published 04.12.2013
When you buy a commercial property, the first question to consider is whether to exercise an option to tax it. But when do you really need to opt to tax and when don’t you?
Published 01.06.2017
Different VAT treatments can apply to transactions involving property, depending on the type of building and the nature of the arrangement. So what’s the position if a company gives away a property
to one of its director shareholders?
Published 04.05.2016
What’s the VAT recovery position when you start a building project and then decide to live in the property yourself? What will HMRC allow and will you need to join a scheme?
Published 23.12.2014
If you start construction on a housing project but don’t have the funds to complete it, what happens to the VAT. If you decide to sell the part-built houses, can the sale be zero-rated?
Published 03.01.2012
You may decide to opt to tax a commercial property so that you can recover the VAT on your costs. However, there are certain circumstances in which the option can be “disapplied” and you can’t
reclaim the VAT. What are they?
Published 29.05.2012
You’ve decided to take the plunge and move into the buy-to-rent sector. The property you’ve purchased needs some major renovation work. What can you do to keep the VAT costs under control?
Published 04.05.2011
If you operate a property rental business, you may charge your tenants a service charge in exchange for you maintaining the property, but when is VAT due on such charges?
Published 16.12.2016