Lee Squires and Fiona Bantock (Hogan Lovells) provide your monthly review of recent VAT developments that matter.
As this article is being finalised the UK has voted to leave the European Union. In due course this is likely to have a profound impact on the UK’s VAT system. We will no doubt return to this topic in future VAT briefings.
Balhousie Holdings: sale and leaseback
In Balhousie Holdings Ltd v HMRC [2016] UKFTT 377 (TC) (reported in Tax Journal 17 June 2016) Balhousie Holdings (BH) operated care homes in the north east of Scotland and formed a VAT group with its subsidiaries excluding Faskally Care Home Limited (FC). As an alternative to bank lending BH entered into a sale and leaseback of three of its properties with a real estate investment trust....
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Lee Squires and Fiona Bantock (Hogan Lovells) provide your monthly review of recent VAT developments that matter.
As this article is being finalised the UK has voted to leave the European Union. In due course this is likely to have a profound impact on the UK’s VAT system. We will no doubt return to this topic in future VAT briefings.
Balhousie Holdings: sale and leaseback
In Balhousie Holdings Ltd v HMRC [2016] UKFTT 377 (TC) (reported in Tax Journal 17 June 2016) Balhousie Holdings (BH) operated care homes in the north east of Scotland and formed a VAT group with its subsidiaries excluding Faskally Care Home Limited (FC). As an alternative to bank lending BH entered into a sale and leaseback of three of its properties with a real estate investment trust....
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
