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VAT & Developing A Property Business

 
John Davison indirect tax partner Baker Tilly commences our series on the various VAT problems of developing a property business. In this article he looks at the acquisition of a first property
Introduction
 
This is the first in a series of articles regarding the growth of a property empire. It starts with a business acquiring its first property for its own use moving through to letting out surplus space to the creation of a property empire. It aims to be a simple guide to common property transactions that businesses frequently incur. In this article we will be looking at the costs of acquiring a property at inducements and premiums and (briefly) at VAT...

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