Daily Archives: May 26, 2010

VAT on Property

With effect from 1 July 2008 new rules were introduced in relation to VAT on property.  Below is a brief summary of these rules. Supply of property Under the new rules, in order for the supply of a property to come within the charge to VAT the property must have been developed and must be supplied for consideration in the course of business. The supply of a completed property is […]