COURSE OBJECTIVES: The course is designed to unravel the complexities of VAT as it applies to land and property transactions involving housing associations. As transactions usually involve large sums and VAT recovery is often significantly restricted, understanding is crucial for all key housing association staff, especially those working in development or finance.
At the end of the course, participants will understand how VAT applies to most typical land and property transactions involving housing associations and some unusual ones. They will also have an appreciation of some of the strategies that can be used to effect VAT savings.
COURSE CONTENT
Specifically, the course will include:
- Definitions of key terms, such as ‘dwelling’, ‘relevant residential purpose’, ‘relevant charitable purpose’ and ‘option to tax’
- The VAT treatment of typical schemes and transactions applicable to housing associations
- The impact of land and property transactions on VAT recovery, including interaction with partial exemption
- VAT planning strategies including the ‘golden brick’ scheme and development companies
- Land and property transactions subject to the capital goods scheme
WHO SHOULD ATTEND
- Housing association finance staff at all levels, whether or not they have responsibility for completing VAT returns
- Development staff who often have to make key decisions with significant VAT implications before finance staff are involved
- Those who work with or advise housing associations
Would you like this course run in-house? Call us on 0207 566 8207 to find out more