Sign-in Help
Commentary

99 VAT

AGRICULTURE vol 2(2)
| Commentary

99 VAT

| Commentary

99 VAT

The grant or assignment of sporting rights over land or any licence to occupy land for sporting rights is a standard-rated taxable supply for the purposes of VAT1. Care must be taken in drafting documents to ensure, if it is the intention of the parties, that VAT is payable on the rent by the grantee, as otherwise the owner will have to pay the VAT out of the rent received by him.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial
EXISTING USER? SIGN IN TAKE A FREE TRIAL TAKE A FREE TRIAL
Stop drafting from scratch and work more productively.
Offering an unrivalled collection of non-litigation precedents for everything specialist and generalist practitioners are likely to encounter.
TAKE A FREE TRIAL Take a free trial Take a free trial