Image from Google Jackets

VAT exemption change halts market

Language: English Series: RICS Press Release ; (PR149.comm) 4 December 1996, | Property Week ; 57(10) 6 December 1996, 2 | Financial Times ; 10 December 1996, 10(4)Publication details: 1996Subject(s): Summary: 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.

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.