Our subscriber’s premises includes a separate plot of land suitable for residential development. They intend to appoint a surveyor to get planning approval and then make a sale of land to a builder.
What VAT issues must they consider?
Published 13.09.2021
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
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
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
One of our subscribers is about to buy the freehold of a new office for £250,000 plus VAT. They will trade from the commercial property and not rent it out or sublet it to tenants. What deceptively
simple tips can save them money?
Published 02.04.2021
You are buying a business that includes the freehold of the trading premises. You would like to own the property in a different legal entity but the seller says they will need to charge VAT if you do
this. How can you overcome this problem?
Published 02.05.2019
If you opt to tax a commercial property, in most cases you have to wait for at least 20 years before you can revoke it. But how do you do so and are there any potential pitfalls?
Published 02.02.2016
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
A subscriber has agreed to buy an empty warehouse. The seller said they will charge VAT on the sale so the subscriber opted to tax the building. The seller has now stated that the sale will be VAT
exempt. What does this mean for our subscriber?
Published 01.06.2020
One of our subscribers rents a commercial premises and has the chance to buy it. The seller wants to charge VAT on the sale, which our subscriber wants to avoid, even though he could claim input tax.
Is this outcome possible?
Published 03.02.2020