VAT and property: A practical guide

Abstract

Outlines the major changes in the VAT treatment of property and construction in the light of the Finance Act 1989, and suggests practical ways in which developers can avoid unbudgeted VAT liabilities and penalties. Discusses basic VAT principles which apply to property and construction and the effects of the new rules on tenants and investors. Explores the practical implications in terms of new development, refurbishment, registration, recovery and the sale or letting of property.

Citation

McLenaghan, T. (1990), "VAT and property: A practical guide", Journal of Valuation, Vol. 8 No. 4, pp. 394-402. https://doi.org/10.1108/EUM0000000003293