VAT briefing option to tax land and buildings
Fluss, Michael
VAT briefing option to tax land and buildings - 2008 - Property Forecast 11(9) September 2008, 14-15(2) .
Article looks at the 1 June 2008 introduction of the new VAT option to tax regime. Explores key changes (including the option to opt to tax all interests in land or buildings through and Real Estate Election, as an alternative to taxing on a property to property basis). The author also addresses key practicalities of selling or letting under the new regime and states that the new rules create a more level playing field between landlord and tenant, in addition to greater flexibility.
England and Wales--1543-
VAT briefing option to tax land and buildings - 2008 - Property Forecast 11(9) September 2008, 14-15(2) .
Article looks at the 1 June 2008 introduction of the new VAT option to tax regime. Explores key changes (including the option to opt to tax all interests in land or buildings through and Real Estate Election, as an alternative to taxing on a property to property basis). The author also addresses key practicalities of selling or letting under the new regime and states that the new rules create a more level playing field between landlord and tenant, in addition to greater flexibility.
England and Wales--1543-