KEY POINTS
- Why is there an option to charge VAT?
- Interaction with a TOGC.
- Watch out for the end of the 20-year limit.
- Does your client’s landlord need to charge VAT?
- Must a property buyer also opt to tax?
- Anti-avoidance measures and overriding the option.
In 24 hours time every single person in the world will be older than they are today. That’s a fact. And the number of people in the world who are divorced will also be a higher figure than today. That’s a fact. And the number of commercial property owners and tenants that can benefit from big VAT savings will be higher tomorrow than it is today… yes you’ve guessed it: that’s a fact.
An important feature of the option to tax regulations...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.