John Davison Indirect Tax Partner Baker Tilly continues our series on the various VAT problems of developing a property business. In this article he covers conversions into residential property
In the last issue we left Albion with a cash pile following the sale of the Hawthorn site. It is using this cash to purchase a brewery and a chain of tied houses — the Saddlers Brewery. This is in two parts: the brewery will be bought from Saddlers Brewery and the pubs from the Bescot Pub Company a subsidiary of Saddlers. The intention is to take over the brewery and sell out its capacity to a major regional brewer who will then supply all the tied houses of Saddlers. As such the purchase of the brewery cannot be a transfer of a...
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John Davison Indirect Tax Partner Baker Tilly continues our series on the various VAT problems of developing a property business. In this article he covers conversions into residential property
In the last issue we left Albion with a cash pile following the sale of the Hawthorn site. It is using this cash to purchase a brewery and a chain of tied houses — the Saddlers Brewery. This is in two parts: the brewery will be bought from Saddlers Brewery and the pubs from the Bescot Pub Company a subsidiary of Saddlers. The intention is to take over the brewery and sell out its capacity to a major regional brewer who will then supply all the tied houses of Saddlers. As such the purchase of the brewery cannot be a transfer of a...
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:
