½Û×ÓÊÓƵ

Land and buildings ― income ― mooring, parking and storage facilities

Produced by a Tolley Value Added Tax expert
Value Added Tax
Guidance

Land and buildings ― income ― mooring, parking and storage facilities

Produced by a Tolley Value Added Tax expert
Value Added Tax
Guidance
imgtext

This guidance note provides information about the VAT treatment of income generated from the supply of mooring, parking and storage facilities.

Income generated from land and buildings located outside the UK is outside the scope of UK VAT, but may be subject to VAT or a similar tax where the property is located. The UK includes Great Britain, Northern Ireland, and the territorial sea of the UK.

For detailed commentary, see De Voil Indirect Tax Service V4.110O, V4.110S and V4.110T.

Selling mooring, parking and storage facilities

The VAT treatment of selling mooring, parking and storage facilities can vary depending on the context of the sale. See below for more information.

The sale of mooring facilities for a houseboat is exempt from VAT, as is the sale of a garage or parking space if it is sold with the mooring facilities for the houseboat and is reasonably near to the mooring facilities.

The VAT treatment of garages and other parking facilities for vehicles that are sold with buildings

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by

Popular Articles

Holdover relief for disposals by trustees

Holdover relief for disposals by trusteesOverviewWhere a capital gain has been realised on an asset that has been disposed of and that disposal was not for full value (that is not in an arm’s length sale) then holdover relief may be available. This will happen when trustees appoint capital assets

14 Jul 2020 11:54 | Produced by Tolley Read more Read more

Income tax paid on behalf of employee

Income tax paid on behalf of employeeIntroductionEmployers may wish to make payments of employment income to an employee / director without the employee suffering a tax or NIC cost on that pay. In other words, the employer wants to pay an amount net of tax and NIC. In some instances, often with

14 Jul 2020 11:58 | Produced by Tolley in association with Paul Tew Read more Read more

Withholding tax

Withholding taxIntroductionUK tax must be withheld on UK payments including:•interest•royalties•rental incomeUK withholding tax may be reduced under the provisions of a double tax treaty (DTT). Prior to 1 June 2021, payments of interest and royalties made to EU resident associated companies were

14 Jul 2020 14:01 | Produced by Tolley Read more Read more