K Kerrigan Registered User Messages 378 25 Jul 2012 #1 I purchased an investment property in 2007. Is it too late to claim vat back on this purchase?
B bazermc Registered User Messages 788 26 Jul 2012 #2 Simple answer no, the time limit for reclaiming VAT is 4 years. [broken link removed] Section 10.14
J Joe_90 Registered User Messages 2,221 26 Jul 2012 #3 That and the fact that you can't backdate a VAT registration and you can't recover the VAT on Residential property since April 2007.
That and the fact that you can't backdate a VAT registration and you can't recover the VAT on Residential property since April 2007.
B bazermc Registered User Messages 788 27 Jul 2012 #4 Joe_90 said: That and the fact that you can't backdate a VAT registration and you can't recover the VAT on Residential property since April 2007. Click to expand... Fair Point, but OP could have been VAT registered in 2007 and he didnt say was specifcally residential property.
Joe_90 said: That and the fact that you can't backdate a VAT registration and you can't recover the VAT on Residential property since April 2007. Click to expand... Fair Point, but OP could have been VAT registered in 2007 and he didnt say was specifcally residential property.
K Kerrigan Registered User Messages 378 27 Jul 2012 #5 Hi guys, I'm registered for VAT and was registered back then also. The property was an investment bought in 2007.
Hi guys, I'm registered for VAT and was registered back then also. The property was an investment bought in 2007.
M mandelbrot Registered User Messages 2,330 28 Jul 2012 #6 Kerrigan said: Hi guys, I'm registered for VAT and was registered back then also. The property was an investment bought in 2007. Click to expand... When you bought it in 2007 what was your intention i.e to what use did you intend to put the property? And can you prove this intention. And to what use did you ultimately put the property?
Kerrigan said: Hi guys, I'm registered for VAT and was registered back then also. The property was an investment bought in 2007. Click to expand... When you bought it in 2007 what was your intention i.e to what use did you intend to put the property? And can you prove this intention. And to what use did you ultimately put the property?
J Joe_90 Registered User Messages 2,221 28 Jul 2012 #7 @bazermc you are 100% correct, that was an assumption on my part, my comments only relate to residential property. @kerrigan is it residential or commercial property?
@bazermc you are 100% correct, that was an assumption on my part, my comments only relate to residential property. @kerrigan is it residential or commercial property?
K Kerrigan Registered User Messages 378 12 Aug 2012 #8 It was purchased as a residential investment property. The purpose was to get tenants in and start renting it immediately. The recession hit and I've had nothing but problems trying to rent it since.
It was purchased as a residential investment property. The purpose was to get tenants in and start renting it immediately. The recession hit and I've had nothing but problems trying to rent it since.