NoRegretsCoyote
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I read this entirely wrong and have amended it. To the best of my knowledge there are no specific vat rules relating to funds and therefore vat should apply when it buys the properties.@dublin67
I know property VAT is an extremely complex area, but I don't understand your post.
Developer A builds an apartment complex - entirely residential. On completion they sell the Fund B.
Are you saying that the Fund can buy without the VAT being paid upfront to developer as part of the transaction?