This content is no longer in use on TolleyGuidance
This content is no longer in use on TolleyGuidance

The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Revoking an option to tax
  • Six-month cooling off period
  • Conditions
  • How to revoke an option to tax
  • Automatic revocation of an option where no interest has been held for more than six years
  • Revoking an option after twenty years
  • Condition 1 ― relevant interest condition
  • Condition 2 ― 20-year condition
  • Condition 3 ― capital item condition
  • Condition 4 ― valuation condition
  • More...
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