Waiver of exemption — transitional VAT measures

There are transitional Value-Added Tax (VAT) measures for certain property lettings. These measures only apply where:

  • the lease was less than ten years
  • and
  • where the landlord waived his or her right to exemption from VAT in respect of the letting(s) prior to 1 July 2008.

Guidance on the option to tax lettings is covered by letting of immovable goods.

Further guidance contains more detailed information on the transitional measures that apply to the waiver of exemption rules.