Hi
we have an apartment with a tenant. It was bought 2005 and is a vat registered residential tenancy. We pay the vat twice a year.
I now need to buy a few new doors and paint the property. Can I purchase these items from builders provider without paying vat? Ie as a trader. If so how do I do this. Do I just give the builders provider my vat number?
Thanks for that Joe 90. What is the time limit for reclaiming the vat? I bought a new dishwasher for the tenant a year ago but never claimed the vat. Can I put it as a purchase vat in my next return?