P pnrat Guest 22 May 2007 #1 Hi I am little confused abt claiming back the VAT...can anybody clarify this? If I am, buying a residential ( Investment) property... I can register for VAT and claim back VAT ... isn't this right? If so: Do I need to pay back VAT out of my rent collection? So how do they calculate VAT on my sale of this property in future? How long it takes to receive the VAT back?
Hi I am little confused abt claiming back the VAT...can anybody clarify this? If I am, buying a residential ( Investment) property... I can register for VAT and claim back VAT ... isn't this right? If so: Do I need to pay back VAT out of my rent collection? So how do they calculate VAT on my sale of this property in future? How long it takes to receive the VAT back?
N Nige Registered User Messages 1,030 22 May 2007 #2 If you are buying the property to let, you cannot reclaim the VAT and cannot charge VAT to the tenant unless you are granting them a lease in excess of 10 years.
If you are buying the property to let, you cannot reclaim the VAT and cannot charge VAT to the tenant unless you are granting them a lease in excess of 10 years.
G gonk Guest 22 May 2007 #3 pnrat said: I can register for VAT and claim back VAT ... isn't this right? Click to expand... Was true - isn't any more. See here: http://www.askaboutmoney.com/showthread.php?t=51632&highlight=vat
pnrat said: I can register for VAT and claim back VAT ... isn't this right? Click to expand... Was true - isn't any more. See here: http://www.askaboutmoney.com/showthread.php?t=51632&highlight=vat