In the economic downturn many businesses will hold excess real estate. Ali Anderson explores some of the resulting VAT issues
As the economy continues to meander gently towards recovery many businesses – especially corporate occupiers – continue to suffer from the problem of surplus real estate.
The VAT incurred on surplus leased premises can add to the headache unless managed proactively. Failure to take action with respect to VAT on vacant or unwanted properties can add real cost when attempting to exit.
This article revisits two cases where an occupier of property can suffer an input tax cost and an odd quirk that many current occupiers could face.
‘High street trader shuts 25 premises in cost cutting measure.’ The story is all too familiar especially over the past 18 months.
Whether shutting stores and branches to save money...
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In the economic downturn many businesses will hold excess real estate. Ali Anderson explores some of the resulting VAT issues
As the economy continues to meander gently towards recovery many businesses – especially corporate occupiers – continue to suffer from the problem of surplus real estate.
The VAT incurred on surplus leased premises can add to the headache unless managed proactively. Failure to take action with respect to VAT on vacant or unwanted properties can add real cost when attempting to exit.
This article revisits two cases where an occupier of property can suffer an input tax cost and an odd quirk that many current occupiers could face.
‘High street trader shuts 25 premises in cost cutting measure.’ The story is all too familiar especially over the past 18 months.
Whether shutting stores and branches to save money...
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:
