VAT Planning for Property Transactions

Updated to include the first supply rule, the partial exemption rules and the VAT (Buildings and Land) Order 1992. It covers the VAT problems which arise on land transactions, showing how these problems can be avoided and VAT mitigated. It adopts a transactional, problem-solving approach.

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This new edition has been completely updated to include the first supply rule, the partial exemption rules, and the VAT (Buildings and Land) Order 1992. "VAT Planning for Property Transactions" brings tax practitioners fully up-to-date with the VAT problems which arise on land transactions, showing them how these problems can be avoided and VAT mitigated. Adopting a transactional, problem-solving approach, it offers imaginative solutions so that you can plan in the most tax efficient manner. Planning points are stressed throughout with reference to typical transactions and complex problem areas such as the deemed property charge, sale of land as a going concern and reverse premiums are addressed in full. The text is supported by examples and flow diagrams throughout and appendices include common questions and answers and a tabular guide to the rating of numerous transactions. A number of key precedents are also included.