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...
by Marie Stein | 18 Apr, 2013 | Residential Property
Q: I am getting stuck on the conversion aspect of an old public house re kitchen/ rooms separate etc.??? I avoided purchase tax with a 1614d. I am getting planning on conversion to a 5 bedroom house. There was no separate flat, just accommodation upstairs from the pub...
by Marie Stein | 11 Mar, 2013 | Residential Property
Q: Our VAT registered UK private limited company owns a small commercial office building, (which is not opted in to VAT). We have planning permission to convert these premises to 4 residential flats. I have been advised that we cannot reclaim VAT on materials and...
by Marie Stein | 15 Oct, 2012 | Residential Property
Q: Hi. Hope you can help with my query. My father has recently hap permission approved for the conversion of a commercial building to be converted into a 4 bed residential home. My father met all specifications etc. Recently the council have approaced him and stated...
