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all "Option to tax: choosing the correct form"
related advice.There are 10 results
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
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
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 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
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
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
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