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all "HMRC was wrong to refuse backdated option to tax election."
related advice.There are 10 results
If you own commercial properties it’s important to opt to tax at the right time to avoid arguments with HMRC and possible loss of input tax. What are the key points to remember?
Published 23.03.2017
It’s not uncommon for a business to acquire a property and start charging VAT on the rents but to forget to tell HMRC that it’s opted to tax the property. What do you need to do to make a belated
notification?
Published 03.11.2015
HMRC has confirmed that it will no longer issue letters to confirm it has received an election when you opt to tax land and buildings. How can you ensure you receive proof of the option?
Published 02.02.2023
If your business buys or rents out a non-residential property, you may want to make an option to tax election to save VAT. There is often confusion between forms VAT1614A and VAT1614H - which one
must be used and when?
Published 02.09.2022
Your business owns an opted commercial building that you have rented out to a tenant. The tenant is shortly to vacate, and you will sell it to a developer who intends to convert it into apartments.
What are the VAT issues and potential pitfalls?
Published 09.04.2020
A subscriber is an advertising business and recently purchased the freehold of new offices. It has reclaimed input tax on the purchase and opted to tax the building but now wonder if this was
necessary. Is there a potential solution?
Published 03.01.2023
You want to buy a commercial property and have been advised by the seller that they opted to tax the building with HMRC, so must charge you VAT on the proceeds. But under what circumstances could you
buy the property without being charged VAT?
Published 04.10.2022
Your business owns land which is worth £1m but would fetch £3m if sold to a developer with planning permission in place. You would pay a land professional a fee of 25% plus VAT on the £2m. What VAT
issues do you need to consider?
Published 01.02.2019
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