VAT exemption change halts market
VAT exemption change halts market
- 1996
- RICS Press Release (PR149.comm) 4 December 1996, Property Week 57(10) 6 December 1996, 2 Financial Times 10 December 1996, 10(4) .
Changes to the rules on property occupied by businesses exempt from paying VAT announced in the 1996 Budget has created uncertainty in parts of the commercial property market and is effectively freezing leasing agreement negotiations according to the RICS.
BUDGET 1996
PROPERTY-COMMERCIAL PROPERTY
EXEMPTION
OPTION TO TAX
VALUE ADDED TAX
Changes to the rules on property occupied by businesses exempt from paying VAT announced in the 1996 Budget has created uncertainty in parts of the commercial property market and is effectively freezing leasing agreement negotiations according to the RICS.
BUDGET 1996
PROPERTY-COMMERCIAL PROPERTY
EXEMPTION
OPTION TO TAX
VALUE ADDED TAX