VAT of the land
Series: Property Week ; 69(3) 25 January 2002, 34-35(2)Publication details: 2002Subject(s): Summary: Examines recent rulings by European Court of Justice affecting many rules regarding Value Added Tax. Cites recent cases of Mirror Group and Cantor Fitzgerald versus Custom and Excise Commissioners where the ruling by UK courts of inducement as automatically subject to VAT was challenged. Inducement when paid by a landlord to a prospective tenant for the tenant to enter into a lease was ruled not to subject to VAT, whereas when paid by a tenant to a third party (assignee) to accept the assignment of a lease (a reverse assignment) was ruled to be subject to VAT, when these rulings were taken to the European Court.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS65206 (Browse shelf(Opens below)) | 1 | Available | 116846-1001 |
Examines recent rulings by European Court of Justice affecting many rules regarding Value Added Tax. Cites recent cases of Mirror Group and Cantor Fitzgerald versus Custom and Excise Commissioners where the ruling by UK courts of inducement as automatically subject to VAT was challenged. Inducement when paid by a landlord to a prospective tenant for the tenant to enter into a lease was ruled not to subject to VAT, whereas when paid by a tenant to a third party (assignee) to accept the assignment of a lease (a reverse assignment) was ruled to be subject to VAT, when these rulings were taken to the European Court.