The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the main provisions regarding transfers of land and property as the transfer of a business as a going concern (TOGC). This note should be read in conjunction with the Overview of a transfer of a business as a going concern guidance note which provides an overview of the main TOGC provisions.
See also the Flowchart ― transferring land and property as part of a TOGC.
Businesses involved in a TOGC may also wish to use the TOGC ― transaction checklist to assist with ensuring that all relevant points are covered.
If the TOGC involves a partly exempt VAT group, please see the TOGCs and VAT groups guidance note.
If land and property will be transferred as part of a TOGC, then the following conditions must be satisfied in addition to the conditions outlined in the Overview of a transfer of a business as a going concern guidance note in order for the land and buildings to be transferred without the requirement to charge VAT:
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