Q&As

When a tenant pays a rent deposit that remains the tenant’s money under the terms of the rent deposit deed, does a supply arise for VAT purposes at the time of that payment, or not until (and unless) the landlord appropriates all or part of the deposit towards unsatisfied liabilities?

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Published on: 25 June 2019
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Leases for more than 21 years are treated as supplies of Goods for value added tax (VAT) purposes, while leases for a shorter time are treated as supplies of services. In either case, the Value Added Tax Regulations 1995 (VAT Regs 1995), SI 1995/2518 have the effect (see VAT Regs 1995, SI 1995/2518, reg 85 for leases of more than 21 years, and VAT Regs 1995, SI 1995/2518, reg 90 for leases for a shorter time) that payments of rent

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Jurisdiction(s):
United Kingdom
Key definition:
Appropriates definition
What does Appropriates mean?

Under the theft Act 1968, s 3 any assumption by a person of the rights of an owner amounts to an appropriation for the purpose of the offence of theft.

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