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Taxation

Sharon2014 · 2014-11-25 21:17:56

Hi Quick query in relation to vat - client took out a 25 year lease of a retail premises from developer in 2006. The capitalised value of the lease for vat purposes at the time was € 4 million. As the building was larger than required for client they sub let 25% of the building to a dental practice in 2007 by way of 9 year…

25-11-2014 9:17pm

#1

Sharon2014

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Join Date: November 2014

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Hi

Quick query in relation to vat - client took out a 25 year lease of a retail premises from developer in 2006. The capitalised value of the lease for vat purposes at the time was € 4 million. As the building was larger than required for client they sub let 25% of the building to a dental practice in 2007 by way of 9 year lease.client has not waived its exemption from vat on short term lettings?

Vat implications?

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Comments

#2 25-11-2014 9:55pm

Marcusm

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Lots of them; if by "client", you mean someone you're charging then refer them to a VAT specialist.

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