000 01137cab a22002055a 4500
001 L143377
008 080430e20080426xxk f 000 0 eng d
035 _a(Sirsi) u143377
041 0 _aeng
100 1 _aBuckett, Alan
245 0 0 _aTake a ride in a fiscal theme park
260 _c2008
490 _aEstates Gazette
_v(0816) 26 April 2008, 144-146(3)
520 _aFirst of two articles discussing the option to tax land and buildings. (See L143439 for part two). This has recently been simplified under the 2008 Budget. Includes a brief summary of these changes. Explains that although there may be initial advantage in claiming tax exemption, VAT incurred on services cannot then be reclaimed from HMRC. Outlines advantages, including the ability to opt on a building by building basis. Disadvantages include the inability to revoke the decision within 20 years, and the exclusion of types of property from the option. Considers the history and future of the option to tax.
590 _aKA
650 2 4 _aVALUE ADDED TAX ACT 1994
651 4 _aEngland and Wales
_y1543-
690 _aPROPERTY-PROPERTY TAXATION
942 _n0
999 _c80159
_d80159