Commentary

V7.179A Transfer of a going concern—new developments of dwellings, relevant residential or relevant charitable purpose buildings

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.179A Transfer of a going concern—new developments of dwellings, relevant residential or relevant charitable purpose buildings

Part V7 Tax planning | Commentary

V7.179A Transfer of a going concern—new developments of dwellings, relevant residential or relevant charitable purpose buildings

Revenue & Customs Brief 27/14 (RCB/27/14, Division V16.3), referred to above, also announced a change in HMRC policy in relation to the transfer as a going concern of new developments of dwellings, relevant residential or relevant charitable purpose buildings.

The first grant by a person constructing dwellings, relevant residential or relevant charitable purpose buildings or a person converting non-residential buildings into dwellings, relevant residential or relevant charitable purpose buildings is zero-rated. Having 'person constructing' or 'person converting' status is therefore important in terms of input

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