VAT & Property for Accountants - An In-Depth Workshop

Introduction

This seminar will give accountancy professionals, solicitors, and business owners a complete understanding of how VAT applies in the land and property sector, both residential and commercial.

Presented by VAT expert Gwen Ryder, this seminar will include case studies, an in-depth review of legislation and case law, and provide an opportunity for delegates to discuss client issues (on a no names basis) in a group environment.

This highly interactive session is broken down into three logical parts and will cover VAT on construction, refurbishment, and supply.

What You Will Learn

This course will cover the following:

• VAT legislation
• Exempt supplies of land and property - inc. licences to occupy etc.
• Place of supply of property and associated services - very fine lines
• Standard Rated Supplies
• Commercial buildings - what is ‘new’ and ‘not new’
• Conversions
• VAT recovery - ‘payback’ and ‘clawback’
• Option to tax
• All the rules - inc. the anti-avoidance provisions and disapplications
• The Zero Rates (construction and supply)
• Relevant residential purpose
• Relevant charitable purpose
• The 5% rule and calculations for change of use
• Reducing penalties for incorrect certificates
• Reduced Rate Supplies
• Capital Goods Scheme
• All the ins and outs and VAT traps
• Landlord and tenant incentives and inducements
• Compensation and termination payments - the latest guidance
• Acquisitions and disposals, and transfers of going concerns
• Extra steps and VAT traps
• Barter and consideration
• Recent case law, including property and the Tour Operators’ Margin Scheme
• Key areas of risk