Land & Buildings
We provide a comprehensive range of services tailored for transactions involving land and buildings.
We advise a diverse range of clients including real estate developers, private housing firms, subcontractors, residential care organisations and local councils.
Land and property is a complex area of VAT where the values are material and so an understanding of the VAT position is imperative to ensure the avoidance of unexpected VAT and SDLT costs.
We can provide advice in relation to:
Structuring property transactions to mitigate irrecoverable VAT costs.
The VAT liability of land transactions and associated supplies.
Identifying opportunities to apply the reduced rate and zero rate of VAT to supplies of construction and conversion services.
Evaluating the potential to opt to tax (OTT) and the OTT dis-application rules.
Treating transactions as a transfer of a going concern (TOGC).
Navigating the complexities of partial exemption and the VAT capital goods scheme.
The VAT domestic reverse charge (DRC) for construction services.
