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The challenge of what constitutes immovable property

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  • Publish date: 06 December 2017
  • Archived on: 06 December 2018

Julie Butler of Butler & Co investigates how immovable property should be defined.

Everyone is aware of how important it is to understand the tax treatment of the supply of land. Guidance is provided in VAT Notice 742: land and property 2.2 which defines the supply of land as:

“You make a supply of land by making a grant of an interest in, right over or licence to occupy land in return for a payment or consideration”.