Exploring VAT liability of property income
Neil Warren considers the liability of common sources of land income. He goes through practical examples to demonstrate the situations where VAT needs to be charged.
Imagine the following situation: you own the freehold of a building, which consists of a ground-floor shop and first-floor flat. You are VAT registered and have opted to tax the building. What is the position with the rental income you might earn in the future?
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