VAT Property Solutions
Note: 33
The first grant of a major interest in the converted building will be 0%. Subsequent rental income will be exempt and disregarded for Capital Goods Scheme purposes. If, however, the major interest is resold within the 10 year Capital Goods Scheme period, this will be an exempt disposal and will result in the need to perform a Capital Goods Scheme adjustment. Consult 4 Eyes Ltd if this is relevant.
Contact: info@4eyesltd.co.uk Telephone: Phillip Henwood - 0044 (0)7793 707 839
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