VAT - Land and Property

Programme

New build and development

Zero rated or standard rated?
New commercial, residential, relevant residential, and charitable buildings
Building materials and fixtures
Building contracts, tax points and payments
Anti-avoidance measures
Mixed developments and apporortionment
Property conversions and refurbishment

Zero-rated conversions
Zero rated approved alterations to protected buildings
The 5% VAT rate for conversions and refurbishments
Land and property sales and supplies

New commercial, residential, relevant residential and relevant charitable buildings
Licences to occupy land
Exclusions from exemption
Virtual assignments
Inadvertant exempt supplies and VAT recovery concessions
Input tax recovery on speculative projects
The VAT Option To Tax

Pre and post June 2008 options and rules
What an option covers, and how to avoid mistakes
Automatic and permission options, and how to apply to HMRC
Latest simplifications
Real estate options
Disapplication of the option to tax, and anti-avoidance measures
Supplies between landlords and tenants

Rent free periods, dilapidations, reverse premiums, assignments and inducements
Rental guarantees
Service charges, utilities and insurance
Requests for payment, and tax points spanning an option
The VAT Capital Goods Scheme

Period of Adjustment
How it works
Effect of property disposals within the adjustment period
Transfers of Going Concerns

When and how commercial property sales can be VAT free
Nominees and Trusts
Dangerous contracts and warranties
Stamp Duty Land Tax savings

One day course 09.30 – 17.00