Vat registered co buys a property that has been opted to tax to trade from for 285000 incl of vat . Vat is claimed back on VAT return.
12 months later company moves out and leases the propertyto a third party. An option to tax is now needed to ensure the vat is not repayable ?
If if they choose to lease out straight away option to tax needed straight away if they want to claim back VAT ?
how does the capital goods scheme fit in? Or as the purchase price is below 300k inclusive do I not need to worry about it?
Thanks for any input