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21-07-2019, 00:10   #16
Victor
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Originally Posted by nox001 View Post
There is no vat liability on the purchase of land.
Yes, but VAT is payable on all improvements to land.
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21-07-2019, 10:53   #17
 
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Originally Posted by nox001 View Post
There is no vat liability on the purchase of land.
Yes there is, when there's a house built on it

Last edited by Phileas Frog; 21-07-2019 at 10:57.
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23-07-2019, 11:33   #18
Claw Hammer
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Originally Posted by Phileas Frog View Post
Yes there is, when there's a house built on it
In this case the land is being sold before there is a house built on it.
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23-07-2019, 11:43   #19
 
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Originally Posted by Claw Hammer View Post
In this case the land is being sold before there is a house built on it.
Doesn't matter, if there's an intention to develop it then VAT is liable.

https://www.revenue.ie/en/vat/vat-on...y-taxable.aspx
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23-07-2019, 12:17   #20
nox001
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Originally Posted by Phileas Frog View Post
Doesn't matter, if there's an intention to develop it then VAT is liable.

https://www.revenue.ie/en/vat/vat-on...y-taxable.aspx
It’s not correct to say that vat is liable if there is an intention to develop. In certain (rather complicated and long winded) scenarios it appears it may be but in most instances it’s not.
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23-07-2019, 12:22   #21
Claw Hammer
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Quote:
Originally Posted by Phileas Frog View Post
Doesn't matter, if there's an intention to develop it then VAT is liable.

https://www.revenue.ie/en/vat/vat-on...y-taxable.aspx
Where on that link dos it say that?
In order for the land to be liable for VAT up some work must have been carried out to it prior to the sale which it is intended will lead to development.
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