The tax treatment of property transactions is extremely complex. This webinar will explain, using practical examples, the different VAT aspects of property leases and sales and the CGT aspects of property transactions. The VAT treatment of property leases ranges from a fully taxable supply, to a lower-value supply and a fully exempt supply and it is critical to able to identify which category applies and how the VAT must be treated.
Participants will understand the VAT and CGT treatment of different types of property transactions.
• VAT on various types of property leases
• VAT on property sales
• VAT aspects for property developers
• CGT on the sale of property, including
o How to determine base cost
o Any exclusions that apply
o When to recognise a capital gain
Tax advisors, trustees, taxpayers, accountants, business owners and managers, bookkeepers and anyone else who deals with Vat and property owners.
