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Ensuring a good deal
Key points
- Which corporate finance services qualify for exemption from VAT?
- The conditions for VAT recovery.
- A holding company intended to make supplies should be registered for VAT.
- Bear in mind stamp duty land tax when acquiring a building.
Many clients buy and sell companies an activity that can incur a significant amount of professional fees often referred to as deal fees. This article provides an overview of the rules on VAT on such fees as they relate to the type of transactions readers are most likely to come across.
Exempt services
The VAT exemption is relevant to two categories of corporate finance services – transactions in shares and loan finance.
Share transactions
For intermediary services to qualify for VAT exemption in the context of share transactions the services must be central to the negotiation or co-ordination of the transaction and will typically involve...
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