VAT Rates

PROPERTY (Lettings)

Rate

Exempt

Remarks

However, there are certain exceptions e.g. lettings in a hotel. Also a lessor can generally exercise an option to tax a letting with certain exclusions e.g. lettings to connected parties with limited VAT recovery and residential lettings. Long leases that involve a peppercorn rent and a lump sum at the outset are generally treated in the same way as freehold sales. Section 97 refers.

Value-Added Tax Consolidation Act 2010 (VATCA 2010) Ref

Schedule: 1 Paragraph: 11(1)

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