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VAT problems

Language: English Series: Accountancy Age ; 29/11/90 p9,11Publication details: 1990Subject(s): Summary: Customs and Excise view the sale of tenanted commercial property as the sale of a going concern ; and for transfer of going concern rules to apply, the vendor does not have the choice not to charge VAT on rent . Zero rating of alterations to listed buildings remains complicated by the definition of alterations or repair .
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News article London News article WB2647-39 (Browse shelf(Opens below)) 1 Available 35529-1001

Customs and Excise view the sale of tenanted commercial property as the sale of a going concern ; and for transfer of going concern rules to apply, the vendor does not have the choice not to charge VAT on rent . Zero rating of alterations to listed buildings remains complicated by the definition of alterations or repair .