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all "Should HMRC have refused company’s option to tax election?"
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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
It’s not unusual for a business to purchase a building, opt to tax it and then decide that this was the wrong thing to do. Once you’ve opted to tax can you subsequently get out of it?
Published 23.12.2014
When businesses opt to tax a property there’s often confusion as to what exactly is covered by the option and how far it extends. As it’s important to get this right, what’s the position in reality?
Published 30.03.2015
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 you own commercial property and want to claim the VAT back, you’ll need to “opt to tax” it. But what does this really mean? How should you go about it and what does it cover?
Published 04.04.2012
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
If you own commercial properties it’s important to opt to tax at the right time to avoid arguments with HMRC and possible loss of input tax. What are the key points to remember?
Published 23.03.2017
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
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