Hi,
My understandin is that there is no VAT applicable to residential rents, even if the whole building has been opted in to tax.
Just spoke to HMRC vat helpline and they have refered me to 742A, and are insistent that even residendial rents need to have VAT applied to it.
thanks for your help.
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HMRC are wrong!
The building is opted, but the option is ineffective to the extent that it is put to residential use.