V. MULLEN & Co. (F.C.C.A., A.I.T.I.)
PROFESSIONAL TAX ADVISERS
VAT on Property
We have a comprehensive knowledge of VAT on Property issues. Considered a minefield before it was "simplified" in 2008, we now must effectively consider three different sets of VAT rules on property.
- The old system - property transactions up to 30/06/08
- The new system - property transactions after 30/06/08
- Rules for transitionary properties which deal with all properties which were in the VAT net on 01/07/08 and which are the subject of property transactions thereafter.
Whether the transaction involves a sale or purchase, lease or assignment, the VAT issue must be considered.
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