Opting to tax changes
Series: HM Customs and Excise Business Brief ; 8 2 July 2001, (3)Publication details: 2001Subject(s): Summary: States how Customs and Excise will implement a Tribunal decision on the option to tax buildings to be converted to dwellings. The tribunal decided that the option to tax did apply to the sale of the building and that the person selling the building has only to consider the intended use of the building by the immediate purchaser. Guidance on this particular type of transaction was formerly unclear but traders should apply this new policy to transactions taking place on or after 1 August 2001. Further information can be gathered from the national advice line on 0845 010 9000.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3726-29 (Browse shelf(Opens below)) | 1 | Available | 113466-1001 |
States how Customs and Excise will implement a Tribunal decision on the option to tax buildings to be converted to dwellings. The tribunal decided that the option to tax did apply to the sale of the building and that the person selling the building has only to consider the intended use of the building by the immediate purchaser. Guidance on this particular type of transaction was formerly unclear but traders should apply this new policy to transactions taking place on or after 1 August 2001. Further information can be gathered from the national advice line on 0845 010 9000.