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
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
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 has a deal with a local farmer, giving them first refusal to purchase ten acres of land if the farmer decides to sell it in the next ten years. Is the farmer right to charge
VAT on the fee and can our subscriber claim input tax?
Published 03.05.2023
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
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
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
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
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