COURSE OBJECTIVES: This course provides a sounds understanding of the VAT rules in this complex area. A good basic knowledge of VAT is assumed.
COURSE CONTENT
Construction
- New commercial buildings, residential, relevant residential, and charitable buildings
- Building materials and fixtures
- Building contracts, tax points and payments
- Anti-avoidance measures
Conversions and Refurbishment
- Zero-rated conversions
- Protected buildings and approved alterations
- The 5% VAT rate and what it applies to
Land and Proporty Supplies
- New commercial, residential, relevant residential and relevant charitable buildings
- Licences to occupy land
- Exclusions from exemption
- Virtual assignments
The VAT Option to Tax
- The old rules and changes effective from 1 June 2008
- What an option covers, and how to avoid mistakes
- Automatic and permission options, and how to apply to HMRC
- Disapplication of the option to tax, and anti-avoidance measures
Supplies Between Landlords and Tenants
- Rent free periods, dilapidations, reverse premiums, assignments and inducements
The VAT Capital Goods Scheme
- What it covers and how it works
Transfers of a Going Concern
- VAT free treatment for certain land and property transactions
VAT Planning
- Schemes that must be notified to HMRC
- The impact of the Halifax decision
WHO SHOULD ATTEND
This course is for all ranges of businesses and organisations (especially those that are partially exempt) involved directly and indirectly with land and property transactions.
"The delivery was excellent and Gwen made the content relevant to each business."
Would you like this course run in-house? Call us on 0207 566 8207 to find out more