BB/26B/98 VAT groups and transfers of going concerns (TOGCs)Business Brief, Issue 26. 18 December 1998This Business Brief clarifies Customs' policy on whether there can be a transfer of a property rental business as a going concern where the landlord and the tenant or the purchaser and the tenant are members of the same VAT group.BackgroundIn C & E Comrs v Kingfisher plc [1994] STC 19 [Part V10] the High Court found that members of a VAT group are to be considered a single taxable person for VAT purposes. The status of individual members of VAT groups has also been
Business Brief, Issue 26. 18 December 1998
This Business Brief clarifies Customs' policy on whether there can be a transfer of a property rental business as a going concern where the landlord and the tenant or the purchaser and the tenant are members of the same VAT group.
In C & E Comrs v Kingfisher plc [1994] STC 19 [Part V10] the High Court found that members of a VAT group are to be considered a single taxable person for VAT purposes. The status of individual members of VAT groups has also been
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