Land and property is a complex area of VAT, however with the right advice, at the right time, the potential for VAT savings can be substantial, conversely, mistakes can be substantially costly! Some areas where we can add value include:
- Structuring land and property transactions and developments to minimise VAT leakage
- Managing the option to tax position on land and buildings and deciding when to opt, revoke or disapply an option to tax
- Deciding on the VAT treatment of the disposal or acquisition of a property, including when it can be a TOGC
- Deciding on the liability of construction services and the utilisation of available VAT reliefs
- Mitigating the effects of the capital goods scheme and partial exemption rules on land and property
Whether you are a developer, contractor, investor, or involved in the acquisition of land and property, early involvement from us usually means we can mitigate more tax
