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
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
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 own a building that has a ground floor shop and a first floor flat, which you rent out. You opted to tax the property many years ago. But have you been dealing with the VAT correctly and can you
save some tax in the future?
Published 27.08.2020
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
If your business rents a property and pays VAT on this, it creates a problem if it’s exempt or partly exempt because you have a restriction in the VAT you can claim. But is there a possible solution?
Published 01.03.2019
One of our subscribers rents an “opted property”. Due to staff working from home, they are looking to sublet two floors, one to an associated company and another to an unconnected business. Should
they opt to tax these agreements?
Published 01.10.2020
You own a commercial property that you let to an unconnected business. This has an option to tax in place. You would like to transfer 50% of this to your spouse for income tax planning purposes. What
VAT challenges does this create?
Published 07.07.2020
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