VAT and Property

This volume details the structure of and recent changes to VAT law before examining the effect of the tax on residential and commercial property. It includes coverage of major new changes, including the important distinction between "qualifying" and "non-qualifying" buildings.

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The landmark ruling of the European Court against the UK in June 1988 changed VAT law in relation to the "zero-rating" of new commercial and industrial property development. This volume details the structure of and recent changes to VAT law before examining the effect of the tax on residential and commercial property. It includes coverage of major new changes, including the important distinction between "qualifying" and "non-qualifying" buildings, the opportunity to waive exemption of supplies, the new self-supply rules and the substitution of a new Group 8 of Schedule 5.