Q&As

Is value added tax chargeable on payment of a penalty to exercise a tenant’s break right?

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Published on LexisPSL on 27/03/2019

The following Property Q&A provides comprehensive and up to date legal information covering:

  • Is value added tax chargeable on payment of a penalty to exercise a tenant’s break right?

Is value added tax chargeable on payment of a penalty to exercise a tenant’s break right?

Where payment is being made by a tenant to the landlord for exercising a break option, the value added tax (VAT) treatment of such a payment is generally that it is exempt unless the landlord has opted to tax.

This is because where a tenant pays the landlord in connection with the

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