Holiday let VAT under flat rate scheme

Holiday let VAT under flat rate scheme

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I have a client with holiday lets under the VAT flat rate scheme.

For a new property, they are spending money on furnishings etc.  With regards to items over £2000, does the flat rate exclusion on goods bought "to generate business income being leased, let or hired" apply so that no VAT can be reclaimed unless they come out of the flat rate scheme?

 

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