Land & Property
Our specialists can assist in a range of VAT & Tax areas
Tax liability on land and property is one of the most complex areas of VAT. The transactions are often of very high value, so they need to be correctly structured from a VAT perspective. This will ensure that any eligible VAT or SDLT savings are realised and that the transaction is compliant with the law.
Deeks VAT Consultancy has a wealth of experience in this area and can ensure that a business is paying the correct amount of VAT, Tax and SDLT on land and property transactions.
Such transactions are often a one-off for clients, and getting it wrong can result in huge penalty charges.
For instance, land or property transactions can be subject to VAT at different rates. We can advise on the VAT liabilities of certain interests of land, and on what reliefs are available. This can be for both construction and conversion projects, on either residential and commercial property. We also offer planning advice on efficient structures, so as to ensure maximum recovery of VAT on purchases.
We can also offer advice on business sales when land and property is part of the sale. Significant cash flow savings can be achieved by meeting the conditions for a transfer of a business as a going concern, as well as SDLT savings.
Deeks VAT Consultancy considers not only whether a property may be subject to VAT, but what might be the best outcome for the client. Whilst still retaining its commercial objective, we’ll often influence a transaction in order to ensure it’s as VAT efficient as possible.
Latest news & insightsView all news & insights
Deeks VAT News issue 39
Welcome to this months Newsletter December 2023 issue 39 Keeping you up to date on VAT changes In this months newsletter we cover the following: Changes to the DIY Housebuilders’ Scheme Best Judgement: what is it, and why is it important? Updated guidance on zero-rated exports New rules for registration and reporting in the EU […]
Deeks VAT News Issue 30
Welcome to the latest edition of Deeks VAT News. January 2023 – Issue 30 Keeping you up to date on VAT changes In this edition of the months newsletter we cover the following: Insurance partial exemption Doctors and healthcare professionals So what does VAT registration mean? Discounts – value of supply. The TalkTalk case. […]
Changes to the VAT DIY Housebuilders Scheme
Embarking on self-build projects can yield significant VAT savings through the DIY Housebuilders scheme. With the spring Budget 2023’s announcement, the scheme is set to digitize, extending claim periods from three to six months starting 5 December 2023. Understand what qualifies for VAT reclaim and how these changes can benefit your project. For any queries, reach out to Jane at Deeks VAT.
Want to find out how we can help?
Here at Deeks VAT Consultancy we can help all types of businesses, either personally or acting on your behalf for your clients. Drop us a message and one of our specialists will be in touch to discuss how we can help.
Jane: +44 (0) 7710 553831
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