000			01642cam a2200289 4500
001			ABS64970
008			020114n2001 000 0 eng u
035			_a(Sirsi) u116281
100			_aSimpson, M
245			_aTaxable inducements
260			_c2001
490			_aEstates Gazette _v(0146) 17 November 2001, 174(1)
520			_aLooks at the VAT treatment of inducements paid in connection with property transactions and examines the principles of VAT law. Considers the consequences of the European Court (ECJ) ruling in "Cantor Fitzgerald" and "Mirror Group" that VAT is payable on inducements. Suggests that the ECJ ruling in these cases and in "Lubbock Fine & Co" should clarify the VAT treatment of inducements paid in connection with leases. However, UK businesses will also face possible VAT costs in the form of irrecoverabe input tax. Explains the practicalities for landlords and tenants and the situation if an inducement has been paid or received in recent years. Highlights the complications in applying VAT to land transactions and concludes that VAT implications should be considered carefully and early in the transaction.
590			_aABS
650			_aVALUE ADDED TAX
650			_aVALUE ADDED TAX
650			_aCANTOR FITZGERALD V CUSTOM AND EXCISE COMMISSIONERS
650			_aLUBBOCK FINE & CO V CUSTOMS & EXCISE COMMISSIONERS
650			_aMIRROR GROUP PLC V CUSTOM AND EXCISE COMMISSIONERS
650			_aLAND TRANSACTIONS
650			_aPROPERTY TRANSACTIONS
650			_aINDUCEMENTS
650			_aEUROPEAN COURT OF JUSTICE
650			_aEUROPEAN UNION
690			_aTAXATION
942			_n0
999			_c69268 _d69268