½Û×ÓÊÓƵ

VAT on property disposals

Produced by a Tolley Personal Tax expert
Personal Tax
Guidance

VAT on property disposals

Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
imgtext

This guidance note provides an overview of the VAT treatment of selling property that is located in the UK. The UK includes Great Britain, Northern Ireland and the territorial sea of the UK.

The sale of any land or building located outside the UK is outside the scope of UK VAT. Although a transaction relating to land or a building located outside the UK is outside the scope of UK VAT, the supply may be subject to VAT or a similar tax elsewhere. For example, VAT in the Republic of Ireland should be considered in relation to land and buildings located in the Republic of Ireland.

For information about VAT in the EU, see the VAT in the EU guidance note.

For information about VAT outside the EU, see the VAT outside the EU guidance note.

This guidance note summarises the VAT issues on disposing of property. For a similar summary of the VAT issues on acquiring a property, see the VAT on property acquisitions guidance note.

What type of property is being sold?

A factor

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
  • 20 Jun 2023 10:40

Popular Articles

Self assessment ― amendments and corrections

Self assessment ― amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | Produced by Tolley Read more Read more

FRS 102 ― tax presentation and disclosures

FRS 102 ― tax presentation and disclosuresPresentation of tax under FRS 102An entity must present changes in a current tax liability (or asset) and changes in a deferred tax liability (or asset) as a tax expense (or income) unless the item creating the current or deferred tax amount is recognised in

14 Jul 2020 11:46 | Produced by Tolley in association with Malcolm Greenbaum Read more Read more

Non-business expenses

Non-business expensesIntroductionIn order for an expense to be tax deductible it must be incurred because of an employee’s employment. Any non-business related expense is, therefore, not relievable except in some very particular circumstances.This guidance note deals with three separate issues. The

14 Jul 2020 12:16 | Produced by Tolley Read more Read more