VAT on property

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Practice notes
VAT on composite suppliesSingle composite supplies vs multiple suppliesWhere a supply comprises a number of different elements with varying VAT...
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Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 19th May
Practice notes
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
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Produced in partnership with Martin Scammell 19th May
Practice notes
Offshore receipts in respect of intangible property (ORIP)Since 6 April 2019, a person that is neither UK tax resident nor resident in a full treaty...
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19th May
Practice notes
FATCA in the UK—the UK:US Intergovernmental Agreement: an outlineIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 19th May
Practice notes
Tax considerations on a loan agreement—the tax gross up clauseIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Eloise Walker of Pinsent Masons 19th May
Precedents
1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...
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19th May
Practice notes
Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...
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19th May
Practice notes
Section 198 and 199 elections on transactions involving real estateThis Practice Note describes the law and practice relating to elections under...
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Produced in partnership with Martin Wilson 19th May
Practice notes
Loan capital exemption from stamp dutyDebt which:•qualifies as loan capital (whether it is short or long-term debt), and•satisfies further conditions...
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19th May
Practice notes
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
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19th May
Practice notes
Capital reduction demergersThe reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are...
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Produced in partnership with Zoe Feller of Bird & Bird 19th May
Q&As
Corporate redomiciliation—can a non-UK company redomicile into the UK?It is possible for a non-UK incorporated company to redomicile to the UK....
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19th May
Practice notes
Why have a tax covenant?It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a...
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19th May
Practice notes
R&D capital allowancesFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D)...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
Practice notes
Transfer of a trade under common ownershipSometimes the restructuring of a business will involve a company transferring an existing trade to a...
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19th May
Practice notes
SDLT group reliefFORTHCOMING CHANGE relating to FA 2008, Sch 36: In its Tax Information and Impact Note (TIIN) on freeports, the government announced...
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19th May

Most recent VAT on property content

Q&As
When a commercial lease is assigned, do I need to apportion VAT on the service charge when I am apportioning the service charge already paid by the...
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16th Aug
Q&As
Is an option to tax effective before it has been accepted by HMRC?An option to tax takes effect from the date on which it is exercised, or any later...
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16th Aug
Q&As
Where a seller has exercised the option to tax a commercial building, is VAT payable on chattels included in the sale of that building?We have assumed...
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16th Aug
Q&As
Is a live-work unit a dwelling for VAT purposes?A live-work unit is a single residential unit (eg a studio or loft) that includes a work area, such as...
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16th Aug
Q&As
What VAT clauses are appropriate for use in a sale contract where a seller has leased the whole of the premises to an occupier, and has not made an...
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16th Aug
Q&As
Can you opt to tax land and buildings using a business trading name?An option to tax is exercised by ‘a person’. The option does not generally bind...
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16th Aug
Q&As
What is the value added tax status of a residential development with a small element of commercial units?Residential developments can involve a range...
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Produced in partnership with Mary Ashley of Old Square Tax Chambers 16th Aug
Q&As
In what circumstances does the reduced rate of VAT apply where a derelict property is purchased to be renovated and used as a care home?The reduced...
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16th Aug
Q&As
Can a tenancy at will be a transfer of a going concern (TOGC)?A TOGC is a ‘transfer of a going concern’. In order for there to be a TOGC, there must...
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16th Aug
Q&As
When letting a commercial unit to a charity solely for charitable purposes, must a landlord disapply the option to tax or is this a matter for...
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16th Aug
Q&As
Is VAT due on a premium paid for the assignment of an existing long lease of a parking garage? Is the answer different if the buyer owns nearby...
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16th Aug
Q&As
If a site is being sold which comprises three units (all of which are let), and some undeveloped land, can this still constitute a transfer of a going...
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16th Aug
Practice notes
VAT—time of supply of landThis Practice Note is about the VAT time of supply rules for property transactions. For an explanation of the general VAT...
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Produced in partnership with Martin Scammell 15th Aug
Practice notes
Option to tax—disapplication under anti-avoidance rulesThis Practice Note is about the disapplication of the VAT option to tax (see Practice Note: The...
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Produced in partnership with Martin Scammell 15th Aug

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