Hi
I was wondering whether anyone can help on TOGC?
Once a property is purchased as TOGC, how long do we have to carry on with the trade/business? If after a 2-3 years we decide to change the original intention of keeping the trade, are we liable to pay VAT that would have been originally chargeable or proportion of it? What if we decide to demolish the property and rebuild?
Thank you.
Eve
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