VAT & Property: Avoiding the Minefields

Objectives 

This course aims to provide an overview of some of the trickier aspects of VAT and property where mistakes can easily be made which may prove costly.  Delegates will gain a wider understanding of the areas covered, learning how to spot potential areas of difficulty and how to manage the VAT side of the property transactions concerned more effectively.

Key Topics

• The factors governing input tax deduction
• Aspects of the option to tax
• Sale and purchase of let property (TOGC)
• Reduced-rated construction services
• The capital goods scheme – the elephant trap
• Exclusions from the VAT exemption

Who Should Attend

Accountants or other staff of accounting firms or other businesses who provide VAT advice or are involved in property transactions.