VAT on property

Hi 

One of my clients, a commercial trading company (VAT registered business) developed four new flats.The two flats were sold quickly after the completion. The other two flats are rented out at the moment as the company could not find the buyers yet.

I want to know the VAT implications on the following transactions,

1) the flats sold by the company

2) rental Income received by the company & subsequent sale of the rented flats

 

I look forward to hear from you.

 

Kind Regards

 

Syed

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Answers

BKD |
BKD's picture

BKD

zaidi |

Covered in my first response

BKD |
BKD's picture

The VAT is far above the de

zaidi |

Above de minimis?

BKD |
BKD's picture

Thank you for your reply.

zaidi |

More detail, please

BKD |
BKD's picture

The total cost of the project

zaidi |

Confusion

BKD |
BKD's picture

I understand it is making

zaidi |

So, contrary to your opening question ...

BKD |
BKD's picture

Why not simplfy things and

shaun king |

Good idea, Shaun

BKD |
BKD's picture

HMRC do not like break

shaun king |