VAT on rent??

Hi All,

 

Very simple question (hopefully!) ... Letting agency, VAT registered. Charge landlords VAT on the commission. Company owns some properties (houses and flats) which are rented out to residential clients, thus no VAT is charged to tenants (and no VAT is reclaimed on any expenditure on these). However, one of the offices has multi offices located upstairs and these are rented out to other small local businesses. VAT is not paid on the rent of this building. But because the business is VAT registered and the tenants in this case are commercial, should VAT be getting charged to the commercial tenants?

 

My gut feel is yes but just need piece of mind!

 

Thanks guys.

Comments
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If in doubt, do what I always do...

George Attazder |
George Attazder's picture

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blok |
blok's picture

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blok |
blok's picture

George!

Constantly Confused |
Constantly Confused's picture

Why/how?

George Attazder |
George Attazder's picture

Lol. OK guys.....

khalm0 |

Fee income VATable, rent exempt by default

DMGbus |
DMGbus's picture

Now my day's complete

George Attazder |
George Attazder's picture

Appreciate your response

khalm0 |

input tax

aiwalters |
aiwalters's picture

Reason for option to tax

DMGbus |
DMGbus's picture

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blok |
blok's picture

Hi guys,

khalm0 |

Nice summary

neileg |

Extra Complication!

JaniceI |