This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

VAT on new commercial property

Nat2321302
Posts:11
Joined:Wed Nov 19, 2014 12:05 am
VAT on new commercial property

Postby Nat2321302 » Mon Mar 10, 2025 11:46 am

I would like to know how the VAT claim back on commercial property works purchasing under Limited company.

I have a client who is setting up a Limited company registering it for VAT and purchasing this commercial property and continue the existing rental business. The problem is he does now have enough money to pay the VAT of around 100K so he was thinking to claim back the input VAT of 100K on his first VAT return and pay the seller once he gets the money. The contract gives him 3 month to pay back the VAT.

My question is, is this the best way or is there any other ways

Thanks

Nat2321302
Posts:11
Joined:Wed Nov 19, 2014 12:05 am

Re: VAT on new commercial property

Postby Nat2321302 » Mon Mar 10, 2025 11:49 am

Apology, its not a new Commercial property - its a preowned


Return to “Property Taxation”