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Put through the mill over the recovery of tax costs

By: Language: English Series: Estates Gazette ; (0638) 23 September 2006, 188-189(2)Publication details: 2006Subject(s): Summary: Discusses two recent cases which relate to the refurbishment of buildings for educational purposes, and the implications which these have for educational institutions' VAT planning. In the first case, the University of Huddersfield was unsuccessful when it attempted to optimise its VAT position using lease and leaseback, whereas Newnham College Cambridge were more successful with regards to VAT in the second case discussed.

Discusses two recent cases which relate to the refurbishment of buildings for educational purposes, and the implications which these have for educational institutions' VAT planning. In the first case, the University of Huddersfield was unsuccessful when it attempted to optimise its VAT position using lease and leaseback, whereas Newnham College Cambridge were more successful with regards to VAT in the second case discussed.