Land & Property VAT Explained - A Practical A-Z Guide

Introduction

Land and property is one of the most challenging areas of VAT, shaped by complex legislation and case law. This new virtual classroom seminar is designed for those who want clear, practical guidance rather than theory or legal jargon.

Whilst the legal foundations are crucial, this session keeps them in the background - available for reference but not overwhelming the practical focus.

Instead, this session will detail on how VAT applies in a wide range of land and property scenarios, including what the correct VAT rate or treatment should be, what is and is not permitted, and where common pitfalls and valuable opportunities lie.

To support learning, comprehensive notes, flowcharts, and checklists will be provided where appropriate, making the material practical, accessible, and ready to apply.

What You Will Learn

This live and interactive session will cover the following:

• Building and Construction
• The zero rates for residential, charity, and some other buildings
• Watch out for the 5% rule and the 10-year payback period
• Commercial property - what do we mean? Can we claim the VAT on the costs?
• Supplies of Land and Property (sales, leases, licences, and other disposals)
• Exempt supplies and the VAT impact
• Option to Tax - the ramifications and slip ups to avoid
• Standard Rated of commercial buildings with no option to tax
• Zero Rated Supplies
• Relevant Residential Purpose
• Relevant Housing Associations
• Relevant Charitable Purpose
• Other Matters
• Capital Goods Scheme
• Transfers of Going Concerns - key points and VAT recovery
• Landlord and Tenant incentive payments and rent-free periods
• Compensation and termination payments - the latest guidance
• Gifts and Barter
• Contributions to costs

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.