Hello
Could anyone tell me which Business Category a commercial landlord would fall into for VAT flat rate scheme.
Also am I right to say he would benefit from this scheme, as his Ltd business has one commercial building with a rent below £150,000 but virtually no purchases.
Thanks
W
Replies (10)
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"Also am I right to say he would benefit from this scheme"
That is a maths question. If you don't understand the maths then for goodness sake don't advise!
Nature of business
Yes the tenant's activity could affect the landlord's position - provision of storage facilities only is different to renting property for other trading purposes. In your client's case I would suggest that the appropriate category is "Real estate activities not listed elsewhere"