by vatexpert on Thu Nov 23, 2006 7:52 am
The place of supply of immovable property is where it is situated, so it doesn't matter whether the land is being sold to a UK or an overseas buyer.
The question of whether the property is subject to VAT depends on the type of property being sold. For example, if it is a dwelling there will be no VAT because the property will be either exempt or zero-rated. If it is a commercial property, the sale will be exempt unless it is less than 3 years old or you have waived exemption, in which case it will be standard-rated. There are some exceptions to this general rule.
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