Business operates flat rate scheme but is then sold as going concern. Assets sold are outwith scope but costs are incurred from selling agent of £5000 with related input vat. Is the input tax recoverable in this case as a qualifying transaction relating to a capital asset or is it lost as part of the normal operating costs?
david smith
14th Jun 2006
0
Vat Flat Rate recovery on assets
Vat Flat Rate recovery on assets