Outlines the major changes in the VAT treatment of property andconstruction in the light of the Finance Act 1989, and suggestspractical ways in which developers can avoid unbudgeted VAT liabilitiesand penalties. Discusses basic VAT principles which apply to propertyand construction and the effects of the new rules on tenants andinvestors. Explores the practical implications in terms of newdevelopment, refurbishment, registration, recovery and the sale orletting of property.
Journal of Valuation – Emerald Publishing
Published: Apr 1, 1990