Postby Incredulum » Wed Apr 14, 2021 4:03 pm
& if the company were to register for VAT, and make the distribution on the basis of book value (so, margin scheme, no VAT due - and indeed a potentially embarrassing VAT reclaim from HMRC which would be bound to give rise to questions so I guess would be best ignored?), then how do you feel about the executors' position from a VAT perspective as they slowly liquidate the assets - by getting a third party to sell them? Or if the executors distribute to the beneficiaries, how do you feel about the latter slowly liquidating the assets from a VAT perspective?