VAT Planning for Property Transactions

This text offers analysis of the application of VAT to commercial property transactions, detailed guidance on the VAT legislation and comprehensive tax-planning advice on how to structure property transactions. This edition has been brought up to date with the introduction of the Finance Act 1997. Areas new to this edition include: effects of the Finance Act 1997 provisions which disapply the election to waive VAT exemption on commercial sales and leases; VAT Land Groups - VAT group anti-avoidance provisions; the new capital goods provisions introduced by the 1997 Regulations; the new customs approach to sales of going concern; and conversions to residential (Finance Act 1997) changes.