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VAT on mixed schemes

Series: Property Week ; 65(37) 22 September 2000, 7(1)Publication details: 2000Subject(s): Summary: A VAT tribunal ruling involving SEH Holdings could make developers who purchase buildings for residential conversions or mixed-use schemes, eligible to pay VAT. Developers were previously exempt under VAT law which ensures tax is not charged on residential property.

A VAT tribunal ruling involving SEH Holdings could make developers who purchase buildings for residential conversions or mixed-use schemes, eligible to pay VAT. Developers were previously exempt under VAT law which ensures tax is not charged on residential property.