Commentary

V7.379 Property transactions—planning points to consider

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.379 Property transactions—planning points to consider

Part V7 Tax planning | Commentary

V7.379 Property transactions—planning points to consider

The following planning points should be given consideration.

  1.  

    •     The supply of a licence to occupy land is generally exempt from VAT. However, it is important to ensure that an arrangement qualifies for exemption by meeting the four key criteria explained at V7.373.

  2.  

    •     Some supplies can be exempt from VAT if the supply is only to occupy land, eg hire of a hall. However, the supply could become standard rated if the hirer receives significant other benefits as well as the hire of the hall, eg catering. In such cases, it is important

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