VAT option to tax

Hi, wondered if anyone could quickly confirm something for me. If a SIPP purchases a commercial property to rent out and VAT has been charged on the basis that the vendor opted to tax am I correct that I can register the SIPP and make the option to reclaim the VAT anytime within 3 years or do I ned to register and opt immediatley ?

 

Many thanks for any thoughts.

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SIPP and option to tax

leshoward |
leshoward's picture

To follow on from Les

BKD |
BKD's picture