by Marie Stein | 6 Oct, 2016 | Commercial property, Residential Property
If you’re buying an old barn or pub to convert into your home, or buying an office block to convert into luxury apartments, you can avoid (legally!!) paying VAT on the purchase even if the vendor has opted to tax the property. How? By using the VAT 1614D procedure....
by Marie Stein | 10 Jan, 2016 | Commercial property
This time, we’re looking at the VAT capital goods scheme. There are lots of good reasons for avoiding certain payment points, whether for tax purposes, stamp duty, or simply because of your budget. And here’s another one: £250,000. So why? It’s...
by Marie Stein | 7 Sep, 2015 | Commercial property, Residential Property
One of the most tedious tasks for business owners and accountants has got to be dealing with the various VAT recovery rules. And the rules are particularly relevant for you if you’re a property investor, developer or landlord. You may never have heard of some of...
by Marie Stein | 14 Jul, 2015 | Commercial property, Residential Property
I often get queries from people about situations where the option to tax is “disapplied”. Anything involving the option to tax (“OTT”)is a complicated subject, but there are three main situations when it can be “disapplied” so I thought it would help to explain each...
by Marie Stein | 28 Sep, 2014 | Commercial property, Residential Property
One of the most important factors in any commercial transaction is to establish what in VAT speak is called the “chain of supply”: in other words, who is doing what for whom. You might think this is obvious, but unless you get this right from the start, it can cause...
