Until the Commonhold and Leasehold Reform Act 2002 English law recognised only 2 forms of property ownership. These are: For accounting periods starting on or after 1 January 2023, you may be entitled to interest for the period of time during which you were unable to use your money, if you: If you need general help with this notice or have another VAT question you should phone our VAT Helpline or make a VAT enquiry online. Putting things right Whenever possible, you should try to resolve your complaint on the spot with the VAT officer, but if you’re unable to do so you should follow HMRC’s complaints procedure. 3. Introduction and liability to VAT 3.1 Introduction to VAT If you’re transferring land or buildings that are let to tenants or are in the process of being let, you should read Transfer a business as a going concern (VAT Notice 700/9).

you were entitled to claim input tax on their acquisition or on their construction where that construction created a new building, or acquired them as a transfer of a going concern and a predecessor owner was entitled to claim input taxYou’ll need to include the full title of this notice. Do not include any personal or financial information like your VAT number.

If you provide facilities for parking vehicles your supply will normally be standard-rated. There are exceptions to this general rule. This section will help you decide the liability of your supplies. 4.2 When to make a standard-rated supply of parking facilities HMRC is committed to providing newly-registered businesses with the help and support they need in ways they find convenient, accessible and understandable. 1.7 Updates If the land or buildings are capital items for the purposes of the Capital Goods Scheme you may need to make a final adjustment under the scheme. Further information can be found in Capital Goods Scheme (VAT Notice 706/2). You can opt to tax land (including buildings). Once you have opted to tax any supplies you make of the opted land will normally be standard-rated. Read Opting to tax land and buildings (VAT Notice 742A) for more information. 3.2 Freehold sales of new or part completed commercial buildings

You may also be further restricted in what input tax you can recover. For example, if you are making exempt supplies. This will mean that you have incurred an input tax restriction twice on the same goods. provide water or any form of power, heat, refrigeration or ventilation but not if you hire out equipment which does this — that is a supply of services (see Fuel and power (VAT Notice 701/19)) Reduced-rated supplies are taxable, and include the right of the person making the supply to recover the VAT on their own business expenditure (subject to certain restrictions — see paragraph 4.6).