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VAT & Developing A Property Business

John Davison, Indirect Tax Partner, Baker Tilly continues our series on the various VAT problems of developing a property business. In this article Albion is trying to resolve its existing problems and start utilising the new reduced-rate reliefs

 
John Davison Indirect Tax Partner Baker Tilly continues our series on the various VAT problems of developing a property business. In this article Albion is trying to resolve its existing problems and start utilising the new reduced-rate reliefs
 
In the last article (see The Tax Journal 21 April 2003 Issue 689) Albion was left with Throstle and SIS and has now sold them as Transfers of a business as a Going Concern (TOGC). This has left Albion with a warehouse and offices that it is going to rent out. As the...

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