Neil Warren considers the liability of common sources of land income. He goes through practical examples to demonstrate the situations where VAT needs to be charged.
A lot of income earned from UK property is exempt from VAT. But there are many situations where VAT needs to be charged.
Imagine the following situation: you own the freehold of a building, which consists of a ground-floor shop and first-floor flat. You are VAT registered and have opted to tax the building. What is the position with the rental income you might earn in the future?
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