I have a client, who leased a few commercial properties and then let again with increased rent. In some cases, he divided the property into units and let the units to different businesses. The collective rents are now more than the VAT registration threshold. I'm not sure whether the client needs to register for VAT as he doesn't charge a commission and the total rental income received is his income and rent paid to the landlords are the cost of sales. Since it looks like trading, does he need to register for VAT?
Thanks in advance for your valuable input.