VAT planning for commercial property

An in-depth examination of the impact of VAT on commercial property

Financial professionals who may have to deal with buying, selling, renting, developing, repairing or refurbishing commercial buildings.

A detailed understanding of the impact of VAT on commercial property.

Key planning areas, such as the option to tax and partial exemption, are dealt with, and the impact of anti-avoidance legislation is highlighted. The course shows how to avoid common pitfalls, such as capital goods scheme clawbacks, and tax on inducements to tenants.

Geoff Sykes BA FCA CTA

After qualifying with a small firm, Geoff spent ten years in London with Deloittes, originally as a tax specialist, and later as National Tax Training Manager.  For the next twenty years he was a tax partner in a medium sized firm based in Leeds and Kendal, advising a range of business and personal clients on all aspects of tax.  He also has experience as a company director and as a director of a retail co-operative society.

• How VAT applies to buying, selling and renting commercial property, and to building services.
• Planning for partial exemption, including the use of standard and special methods.
• The use of the option to tax, including the related anti-avoidance rules, and revocation of the option.
• Incentives and inducements in connection with leases.
• Supplies to tenants and service charges.
• How to avoid VAT clawbacks under the capital goods scheme.
• Transfers of a property as part of a transfer of a business as a going concern.
• Structuring ownership and construction contracts to minimise VAT cost.
• Managing commercial property transactions, including mixed commercial and residential developments.
• Recent developments in the commercial property field.

The course will start at 2.00pm and end at 5.15pm. Refreshments are provided.

3 CPD hours (where applicable)

This course assumes a basic understanding of VAT.

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If you have any queries please email or phone us on +44 (0)845 026 4722.

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