VAT [electronic resource] land and buildings - new Schedule 10 of the VAT Act 1994 including changes to the option to tax
VAT land and buildings - new Schedule 10 of the VAT Act 1994 including changes to the option to tax [electronic resource]
- [S.l.] HMRC 2008
- HM Revenue and Customs Brief (24/08) .
Highlights the introduction of a new Schedule 10 to the Value Added Tax Act 1994, which takes effect from 1 June 2008. Schedule 10 deals mainly with the option to tax supplies of land and buildings. Key legislative changes to the new Schedule 10 include: the introduction of certificates to disapply an option to tax for buildings to be converted into dwellings and land supplied to housing associations; the introduction of disapplication of the option to tax for intermediaries supplying buildings to be converted into dwellings etc; a new ability to exclude a new building and land within its curtilage from an option to tax; and repeal of legislation concerning the developer's self supply charge and developmental tenancies and also co-owners of land.
Advanced
VALUE ADDED TAX ACT 1994 SCHED 10
United Kingdom--
336.271 $2 18
Highlights the introduction of a new Schedule 10 to the Value Added Tax Act 1994, which takes effect from 1 June 2008. Schedule 10 deals mainly with the option to tax supplies of land and buildings. Key legislative changes to the new Schedule 10 include: the introduction of certificates to disapply an option to tax for buildings to be converted into dwellings and land supplied to housing associations; the introduction of disapplication of the option to tax for intermediaries supplying buildings to be converted into dwellings etc; a new ability to exclude a new building and land within its curtilage from an option to tax; and repeal of legislation concerning the developer's self supply charge and developmental tenancies and also co-owners of land.
Advanced
VALUE ADDED TAX ACT 1994 SCHED 10
United Kingdom--
336.271 $2 18