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 Vat1614a 2017

1614a 2017-2025 Form

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hi there my name's Gordon Faragher I'm gonna take you to a very simplistic guide and a highly simplified guide of the VAT consequences of buying and selling property land and buildings it is fair to say that this area is a minefield for v80 this is not intended to give advice to anybody who's having a detailed transaction in this area it's just trying to help people getting an understanding of what is going on we start with a default position that if you supply random buildings freeholds or leases then it will be an exempt supply for v80 however this being taxed there are always exceptions to a general rule and the three main exceptions come in three shaggy walls of the back of the and protect if you are supplying new commercial property a new here means are the freehold under three years old then that is a standard rated supply if you are selling a residential building hopes to live in that is a zero rated supply but then you also get the situation wher

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