Dan Smith considers VAT on these two issues of interest to corporate occupiers
This article covers VAT on two issues of interest to corporate occupiers namely reverse premiums and dilapidation payments.
Reverse premiums: It is common practice especially in a difficult economic climate for landlords to offer inducements or incentives to prospective tenants for entering or renewing a lease.
These incentives can take many forms but typically will consist of rent-free periods or contributions towards fit-out costs.
In property jargon monetary inducements are often referred to as reverse premiums on the grounds that a premium is being paid by the landlord rather than as one would typically expect the tenant.
Where...
