VAT Notice 742A: Opting to Tax Land and Buildings
June 2010 Edition
Contents
Section 1: Introduction (p2)
Section 2: The Scope of an Option to Tax (p4)
Section 3: Supplies not affected by an Option to Tax (p8)
Section 4: How to Opt to Tax (p16)
Section 5: Permission to Opt to Tax (p19)
Section 6: Option to Tax and VAT Registration (p24)
Section 7: Responsibility for Option to Tax (p29)
Section 8: Revoking an Option to Tax (p31)
Section 9: Input Tax (p39)
Section 10: Time of Supply (Tax Point) (p43)
Section 11: Transfer of a business as a going concern (p44)
Section 12: Deregistration (p49)
Section 13: Anti-Avoidance Measures (p50)
Section 14: Real Estate Elections (REE) (p60)
Annex 1: Forms and Certificates – online (p71)
Annex 2: Flowcharts designed to assist with the application – online (p71)
Notes to the notice (p71)