Am I correct in my assertion that rental income received by a landlord is exempt from VAT. If a landlord has a large portfolio, and the rent received exceeds VAT registration threshold, are there any notifications required to Customs and Excise, even if they are not required to be registered ?
Thanks
David
Replies (1)
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Not enough info
Are the properties residential? If so, all rental income likely to be exempt, and no notification required.
If properties are commercial, then it will depend on whether option to tax has been exercised.