What does or doesn’t constitute a transfer of a going concern (TOGC)? Timothy Jarvis (Squire Patton Boggs) examines the Upper Tribunal’s decision in the Royal College of Paediatrics VAT case.
What was the background to this case?
The Royal College of Paediatrics and Child Health (the College) is partially exempt for VAT purposes. The College originally had premises in Hallam Street and it let surplus space to two charities with similar objects (A and B).
The College looked for new premises and wanted to buy a site at Theobalds Road (the property). The site was owned by Coleridge (Theobalds Road) Limited (Coleridge). Coleridge had opted the property and had historically let the property to tenants. At the relevant time no tenants were in place. However Coleridge was actually looking for tenants for the property. The College asked Coleridge if it wanted to sell the property instead of renting...
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What does or doesn’t constitute a transfer of a going concern (TOGC)? Timothy Jarvis (Squire Patton Boggs) examines the Upper Tribunal’s decision in the Royal College of Paediatrics VAT case.
What was the background to this case?
The Royal College of Paediatrics and Child Health (the College) is partially exempt for VAT purposes. The College originally had premises in Hallam Street and it let surplus space to two charities with similar objects (A and B).
The College looked for new premises and wanted to buy a site at Theobalds Road (the property). The site was owned by Coleridge (Theobalds Road) Limited (Coleridge). Coleridge had opted the property and had historically let the property to tenants. At the relevant time no tenants were in place. However Coleridge was actually looking for tenants for the property. The College asked Coleridge if it wanted to sell the property instead of renting...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
