Client has a Ltd company that is purchasing a holiday lodge for£115k inc vat- the company will be renting out as weekly lets and will pay a managing agent- can the initial vat be claimed back on the purchase - the net purchase will go in the accounts- - will capital allowances also be able to be claimed?
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Will the asset be used for making vatable supplies?
For that sort of investment, worth getting paid advice from someone suitably qualified, no?