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VAT on professional fees relating to investment

Purchase of shares

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Client has used some surplus cash to purchase shares in a company, to be held as an investment.

Am I correct in thinking that VAT on the small amount of associated professional fees is irrecoverable, given that the dividend income arising from the investment will be outside the scope of VAT?

Cheers

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By paul.benny
20th Oct 2019 15:41

Yes

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Replying to paul.benny:
Psycho
By Wilson Philips
21st Oct 2019 12:42

Another vote for yes

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