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VAT is a minefield for both parties

By: Contributor(s): Language: English Series: Property Week ; 56(2) 12 July 1996, 22-23(2)Publication details: 1996Subject(s): Summary: Warns that VAT rules on leases are a minefield for landlord and tenant. Gives guidelines on rules, including for landlord`s - election to waive exemption, surrenders and reverse surrenders, incentives on grant; and for tenants - specific charges to tenants, and landlords` costs.

Warns that VAT rules on leases are a minefield for landlord and tenant. Gives guidelines on rules, including for landlord`s - election to waive exemption, surrenders and reverse surrenders, incentives on grant; and for tenants - specific charges to tenants, and landlords` costs.