Option to tax not required? | AccountingWEB

Option to tax not required?

a limited company registered for vat making 100% taxable supplies is buying a commercial property and paying vat on it. As company is using this building 100% for its trading purposes, i guess no notification of option to tax is required in order to claim input vat and company can claim input vat on its normal quarterly vat return? Please comment.

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The use determines VAT recoverability

DMGbus |
DMGbus's picture

Capital Goods Scheme

riksti |

Intention to sell

doctorwho |

bought for resale

riksti |

I believe

Constantly Confused |
Constantly Confused's picture

VAT on rental of property/services

gmurd |