John Davison Indirect Tax Partner Baker Tilly continues our series on the various VAT problems of developing a property business. In this article he covers transfers of going concerns
Albion Trading Company Ltd has to reflect its new status as a property investment company changed its name to Albion Properties Ltd. It is no longer trading but has a mainly residential property portfolio. As was seen in earlier articles these have been redeveloped and a steady cash flow is being obtained. Its portfolio is as follows.
● The Tilton bed sits — all let on short-term lets.
● The Railway flats — three blocks of 21 flats each.
● The Koppend centre where taxable accommodation is provided to asylum...
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John Davison Indirect Tax Partner Baker Tilly continues our series on the various VAT problems of developing a property business. In this article he covers transfers of going concerns
Albion Trading Company Ltd has to reflect its new status as a property investment company changed its name to Albion Properties Ltd. It is no longer trading but has a mainly residential property portfolio. As was seen in earlier articles these have been redeveloped and a steady cash flow is being obtained. Its portfolio is as follows.
● The Tilton bed sits — all let on short-term lets.
● The Railway flats — three blocks of 21 flats each.
● The Koppend centre where taxable accommodation is provided to asylum...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
