Commentary

V7.389 Option to tax—summary of relevant forms

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.389 Option to tax—summary of relevant forms

Part V7 Tax planning | Commentary

V7.389 Option to tax—summary of relevant forms

The various forms that need to be completed in relation to the option to tax regulations have been considered above. They can be summarised as follows:

  1.  

    •     VAT 1614A – Notifying an option to tax election

  2.  

    •     VAT 1614B – Ceasing to be a relevant associate

  3.  

    •     VAT 1614C – Revoking an option to tax within six months ('cooling off' period)

  4.  

    •     VAT 1614D – Certificate to disapply the option: Buildings to be converted into dwellings etc

  5.  

    •     VAT 1614E – Notification of a real estate election

  6.  

    •     VAT 1614F – Notification of the exclusion of a new building from the effect of an option to tax

  7.  

    •     VAT 1614G – Certificate to disapply the option: Land sold to housing associations

  8.  

    •     VAT 1614H – Application for permission to opt

  9.  

    •     VAT 1614J – Revoking an option after 20 years

Note – be aware of the difference

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial