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VAT and Property This is a one day course. The course will help people achieve a complete understanding of the rules and regulations of VAT and property transactions. The course will benefit people responsible for accounting for VAT within their organisation and it will also benefit people who deal in and advise on property transactions. It reviews the major effects that property transactions have on VAT, and it clearly illustrates the procedures and controls to be implemented to comply with the requirements. It clearly demonstrates when particular property transactions should be treated as exempt and when they should be zero-rated, reduced-rated or standard-rated. It will also highlight for you the many pitfalls that can be avoided if proper consideration is given to the VAT implications before you commit your organisation to a contract that involves property transactions ? too often people do something to reduce their VAT liability without appreciating the implications it has on other forms of taxation. The course answers the following questions What is a supply of land for VAT purposes? When can sales of buildings be zero-rated? When must supplies of land be standard-rated? What happens if the sale of a building was zero-rated and its use later changes? Should landlords account for VAT on supplies to tenants? What is an option to tax and how do we submit one? How do the partial exemption rules affect property businesses? How is property treated if it forms part of a transfer of a going concern? What are the rules for property developers and those working in the construction industry? Which supplies in the construction industry should be Standard-rated? Reduced-rated? Zero-rated? How might a VAT consideration affect your liability to Capital Gains Tax? Stamp Duty? Corporation Tax? Income Tax?

VAT and Property This is a one day course. The course will help people achieve a complete understanding of the rules and regulations of VAT and property transactions. The course will benefit people responsible for accounting for VAT within their organisation and it will also benefit people who deal in and advise on property transactions. It reviews the major effects that property transactions...

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