REITs staying clear of the VAT traps
Language: English Series: Property Forecast ; 9(06) June 2006, 12-13(2)Publication details: 2006Subject(s): Summary: Looks at the VAT issues associated with converting to a REIT, which may be overlooked by property businesses in the current euphoria surrounding the introduction of REITs. Considers the issues of transferring properties between companies in different VAT groups (Transfer of a Going Concern (TOGC)), the Capital Goods Scheme (CGS), disapplication of the option to tax, and post-conversion issues. Illustrated by two worked examples relating to TOGC and CGS.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L134367 (Browse shelf(Opens below)) | 1 | Available | 134367-1001 |
Looks at the VAT issues associated with converting to a REIT, which may be overlooked by property businesses in the current euphoria surrounding the introduction of REITs. Considers the issues of transferring properties between companies in different VAT groups (Transfer of a Going Concern (TOGC)), the Capital Goods Scheme (CGS), disapplication of the option to tax, and post-conversion issues. Illustrated by two worked examples relating to TOGC and CGS.