How to plan for maximum advantage and avoid costly mistakes? The option to tax is a major VAT planning tool but you have got to get the detail right to take full advantage - and getting it wrong can be very costly. There are a mass of rules and regulations concerning the option to tax and this report provides valuable expert guidance to all of them. Other key areas of difficulty covered include transfers of going concerns and capital goods scheme regulations - both of which contain traps for the unwary. All traps are avoidable. The report highlights the traps and explains how to avoid them. Who should buy this report? This is an essential report for the non VAT specialist involved in property transactions either as an investor, occupier or professional advisor. It gives 5 reasons why this report is especially valuable. It offers a clear and comprehensive overview of a complex subject. It contains key planning points, tips and techniques. It shows you where the traps and pitfalls lie and how to avoid them. It provides guidance on VAT liability and accounting. It is written by a VAT expert and previous VAT Inspector.
This report is written at a time of great uncertainty in the VAT and property world. At the time of writing important decisions of the European Court of Justice are awaited, particularly the Halifax case (see Chapter 9). This report deals with the complexities of UK and EU legislation, and provides an invaluable overview of the implications of commercial property transactions. Residential property transactions are covered where they relate to conversions to residential from nonresidential property.
- ISBN13 9781854183071
- Publish Date 15 June 2005
- Publish Status Out of Print
- Out of Print 29 January 2013
- Publish Country GB
- Imprint Thorogood
- Format Paperback
- Pages 101
- Language English