Dear colleagues. I would be most grateful if you could clarify this for me. My client has jsut formed a partnership as an investment partnership to take over the commercial properties owned individually by the now partners. The properties are not opted to tax. Am I righr in saying that there is no need to register for vat since no other activity will be carried out by the Partnership? It will only rent out the commercial properties. I would be most grateful.
2nd Jun 2017
Commercial Properties owned by Partnership
Commercial Properties not opted to tax. Should the partnership register for vat?
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