VAT Property Solutions
Note: 40
If the property has been used for exempt purposes by the tranferor prior to the transfer (e.g. as a bank) and the transfer is treated as a TOGC, the vendor will be blocked from recovering input VAT attributable to the transfer. A transferee should also examine the history of the building for capital goods scheme purposes. Further adjustments under the scheme may be required. Contact 4 Eyes Ltd if this is relevant.
Contact: info@4eyesltd.co.uk Telephone: Phillip Henwood - 0044 (0)7793 707 839
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