Commentary

V7.416 Supply of land

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.416 Supply of land

Part V7 Tax planning | Commentary

V7.416 Supply of land

Another situation when a supply of goods is evident relates to a supply that involves 'the grant, assignment or surrender of a `major interest' in land'. A major interest in the UK relates to either a freehold sale or a lease exceeding 21 years (20 years in Scotland).

In effect, this means that the rental of a property for a period of less than 21 years (20 years in Scotland) (landlord and tenant basis) involves a supply of services.

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