VAT & Property for Accountants

Introduction

This course will give accountancy professionals a full understanding of how VAT applies to land and property transactions, covering all aspects from commercial properties, property development and construction to residential accommodation. In what is one of the most complex areas of VAT, this course will explore the complexities of land and property law and the various types of transactions involved. Emphasis will also be placed on partial exemption and the capital goods scheme and accounting for the VAT. Finally, there will be a summary of the key areas of risk and an analysis of the trends in recent case law.

What You Will Learn

This course will cover the following:

• VAT Legislation
• Exempt Supplies
• Option to Tax
• Standard Rated Supplies
• Commercial Buildings
• Civil Engineering
• Zero Rated Supplies
• Relevant Residential Purpose
• DIY Housebuilders
• Relevant Housing Associations
• Relevant Charitable Purpose
• Protected Buildings
• Reduced Rate Supplies
• Capital Goods Scheme
• Landlord & Tenant
• Acquisitions & Disposals
• Barter & Consideration
• Recent Case Law
• Key Areas of Risk
• Summary & Conclusion