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Related UK Tax Questions
Just would like to check. My friend has property Ltd (for
Good morningJust would like to check. My friend has property Ltd (for purchasing and renting properties). We would like to check, is it fine to register company for VAT? This is what he said: "The com… read more
INC
INC
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Master's Degree
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I have sole trader who works in Building trade who has
I have sole trader who works in Building trade who has bought a house, refurbished it and sold it. What is the VAT situation. I note that I receive regular direct debits - last one 10th June = £56.… read more
taxadvisor.uk
taxadvisor.uk
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My client is about to sublet a floor of their rented
My client is about to sublet a floor of their rented offices. They pay VAT on the rent they are charged and are themselves VAT registered. Would they be required to charge VAT on the rental invoice to… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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My client is the head leaseholder of a commercial property
My client is the head leaseholder of a commercial property split into units which he sublets to commercial tenants. There is no option to tax & no VAT is paid on the rents. He is intending to instal b… read more
bigduckontax
bigduckontax
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I HAVE A FOREIGN CLIENT BUYING A MIXED USE DEV OF A COMMERCIAL
I HAVE A FOREIGN CLIENT BUYING A MIXED USE DEV OF A COMMERCIAL BELOW AND 3 RESIDANTIALS ABOVE. VAT IS APPLICABLE ON THE COMMERCIAL (40% OF DEVELOPMENT) DOES A FOREIGNER HAVE TO PAY THIS VAT ?… read more
bigduckontax
bigduckontax
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I own a commercial building in a bad state of repair that I
I own a commercial building in a bad state of repair that I wish to sell to my ltd company and cover the costs of making it into an office for my company. What are the personal and company tax implica… read more
bigduckontax
bigduckontax
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I formed a partnership approx 5 years ago and registered for
I formed a partnership approx 5 years ago and registered for VAT to purchase a commercial property that was subject to VAT on the purchase price. The VAT was, of course, reclaimed. Since then this par… read more
taxonomy12
taxonomy12
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A private limited Company owned by its 25 director/leaseholders
A private limited Company owned by its 25 director/leaseholders has planning permission for 9 aprtments on land which it owns. Planning permission has been granted to build 9 aprtments on site with a … read more
taxonomy12
taxonomy12
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I am a new company, I will be registering for VAT, I am looking
I am a new company, I will be registering for VAT, I am looking to lease commercial property on which there is VAT to pay on the rent. Can I claim this against my VAT costs in my returns?… read more
Sam
Sam
Accountant
15,709 satisfied customers
Hello, Please can you advise me re: tax question. I have
Hello, Please can you advise me re: tax question. I have purchased a property & intend to sell it not rent it. I am aware I must complete a tax return (i do already) and I currently have no income. I … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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i am in the prossess of buying an appartment, the appartment
i am in the prossess of buying an appartment, the appartment has been repossessed and in the hands of a lpa receiver. A contract has been drawn up by the solicitors and refers to the folowing: Each am… read more
Sam
Sam
Accountant
15,709 satisfied customers
Client who buys and sells property a mix of residential and
Client who buys and sells property a mix of residential and commercial. can he register for vat and claim the vat on his materials and any vat paid by sub-contractors as he usually buys the derelict p… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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I have offered to purchase a commercial property for conversion
I have offered to purchase a commercial property for conversion to 2 flats for sale at end of development . I wished to supply a VAT1614D and purchase with a view to VAT exclusion . The sellers say th… read more
Sam
Sam
Accountant
15,709 satisfied customers
If a property development company delvelops and rents out property,
If a property development company delvelops and rents out property, can it be registered for VAT but not have to charge VAT on it's rental income. Can it claim back VAT on the improvements and renovat… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,157 satisfied customers
Hello can you tell me if VAT charged on the purchase of commercial
Hello can you tell me if VAT charged on the purchase of commercial properties (in this case public bars) is recoverable in the normal way, or is it a separate category of VAT and not reclaimable?… read more
Anne T
Anne T
Bachelor's Degree
146 satisfied customers
Hi, is vat payable on the purchase of a commercial property? i
Hi, is vat payable on the purchase of a commercial property? i run a restaurant and the virtual freehold is up for sale. The whole building (6 units) was sold at auction and vat was added. the new lan… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,157 satisfied customers
We have commercial vehicles on a loan agreement. If we pass
We have commercial vehicles on a loan agreement. If we pass the vehicles on to another company who will pay off the loans direct to the loan company, will we still be liable for the VAT?… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Im very interested in buying a commercial property to relocate
I'm very interested in buying a commercial property to relocate my business to. The property I have found is perfect for our requirements, but unfortunately VAT is applicable on top of the purchase pr… read more
Julie Kingham
Julie Kingham
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733 satisfied customers
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