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
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
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
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 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
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 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