Societies gain in change on home valuation rules

Societies gain in change on home valuation rules - 1991 - Accountancy Age 24 October 1991, 6(1) .

Customs and Excise have granted a concession over VAT charged on home valuation reports thus allowing building societies to save on VAT bills. The exemption allowed on statutory reports under the VAT Act 1983 is being extended to the home purchase category.


CONCESSION
VALUATION REPORTS
VALUE ADDED TAX