VAT at 20% on any property transaction is a massive liability. It is therefore vital that the VAT position is considered in detail to avoid unforeseen problems. Landmark PT aim to manage these issues to remove uncertainty and ultimately save money.
Property businesses can save VAT in two main ways:
- By incurring costs that attract VAT at a rate other than the current standard rate of 20% ie outside scope of VAT, exempt from VAT, 0% or 5% VAT rated
- By ensuring any VAT incurred is to the fullest extent recoverable by the business concerned.
There are opportunities in almost all commercial business sectors whether purchasing, constructing, refurbishing or selling property. This includes hotels, offices, retail and industrial buildings. Claims can be made for past as well as current expenditure.
Please do not hesitate to contact us for a fee proposal for our services.