| Description |
1 online resource |
| Contents |
Tables of authorities; Abbreviations; About the author; 1 Introduction; 1.1 Overview of the UK VAT rules for property transactions and the property sector; 1.1.1 Zero-rated supplies; 1.1.2 Supplies taxable at the reduced rate; 1.1.3 Supplies taxable at the standard rate; 1.1.4 Exempt supplies; 1.1.5 The option to tax; 1.2 Definitions; 1.2.1 Approved alteration; 1.2.2 Building materials; 1.2.3 Capital goods scheme ('CGS'); 1.2.4 Capital items; 1.2.5 Commercial building; 1.2.6 Completed (in relation to a building or civil engineering work); 1.2.7 Dwelling |
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1.2.8 Election to waive exemption1.2.9 Exempt supplies; 1.2.10 Freehold interest or 'freehold'; 1.2.11 Grant; 1.2.12 Inputs; 1.2.13 Input tax; 1.2.14 Institutional purpose; 1.2.15 Long lease; 1.2.16 Major interest; 1.2.17 Mixed use; 1.2.18 Multiple occupancy dwelling; 1.2.19 New (in relation to a building or civil engineering work); 1.2.20 Non-residential building; Note (7), Group 5, Schedule 8; Note (7A), Group 5, Schedule 8; 1.2.21 Option to tax; 1.2.22 Outputs; 1.2.23 Output tax; 1.2.24 Partial exemption; 1.2.25 Protected building; 1.2.26 Qualifying conversion |
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1.2.27 Qualifying residential premises1.2.28 Relevant charitable purpose; 1.2.29 Relevant housing association; 1.2.30 Relevant residential purpose; 1.2.31 Relevant residential unit; 1.2.32 Reverse surrender; 1.2.33 Single household dwelling; 1.2.34 Supplies outside the scope of VAT; 1.2.35 Taxable person; 1.2.36 Taxable supplies; 1.2.37 Transfer of a business as a going concern ('TOGC'); 2 The General VAT Rules as they apply to Property-Related Supplies; 2.1 Goods or services?; 2.2 Time of supply; 2.2.1 The general rules |
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2.2.2 Special tax point rules for interests in land giving rise to periodic paymentsAnti-avoidance rules; 2.2.3 Time of supply for 'building work' (including alteration, demolition, repair and maintenance and civil engineering work); 2.2.4 Time of supply for professional services; 2.2.5 Time of supply -- unascertainable consideration; 2.3 The value of the supply (the amount on which VAT is chargeable); 2.4 Supplies spanning change of VAT rate or change in liability of a supply; 3 The VAT Liability of the Most Common Property-Related Supplies; 3.1 Exempt or taxable at the standard rate? |
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3.1.1 Building land3.1.2 Interest in or right over land; 3.1.3 Licence to occupy; 3.1.4 The exclusions from exemption in general; 3.2 Treatment of the most common supplies of land and buildings; 3.2.1 Supply of bare land; 3.2.2 Supply of a civil engineering work; 3.2.3 Supply of an uncompleted dwelling; 3.2.4 Supply of an uncompleted building intended for use solely for a relevant residential or relevant charitable purpose; 3.2.5 Supply of a completed dwelling; 3.2.6 Supply of a completed building intended for use solely for a relevant residential or relevant charitable purpose |
| Summary |
This book offers clear and practical guidance on the application of VAT to property transactions providing assistance to individuals, property businesses and professionals. It covers guidance on VAT and property issues including: residential, commercial, charitable and mixed-use property, housing associations, protected buildings, and caravans. VAT refund schemes, the capital goods scheme and TOGC issues are also covered |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Online resource; title from PDF title page (EBSCO, viewed May 20, 2015) |
| Subject |
Value-added tax -- Great Britain
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Property tax -- Law and legislation -- Great Britain
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Real property tax -- Law and legislation -- Great Britain
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BUSINESS & ECONOMICS -- Public Finance.
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Property tax -- Law and legislation
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Real property tax -- Law and legislation
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Value-added tax
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Great Britain
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| Form |
Electronic book
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| ISBN |
9781904905745 |
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1904905749 |
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