VAT problems
VAT problems
- 1990
- Accountancy Age 29/11/90 p9,11 .
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 .
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 .