The rate of VAT chargeable on supplies of or in relation to property depends on the type of property (for example commercial, charitable or residential) and whether the property is being built, renovated, leased or sold. The information below covers the different supplies at a high level so please get in touch if you would like specific advice in relation to your transaction.

VAT is a general consumption tax assessed on the value added to goods and services. It is seen as a consumption tax because it is ultimately borne by the final consumer rather than businesses.

We regularly see the same errors in relation to VAT claimed on expenses so we thought it may be helpful to highlight some of these to assist businesses preparing their VAT returns. If you are in any doubt, please get in touch.

We always recommend that a business takes advice to map out their intended markets and platforms as the VAT treatment of overseas sales depends on the seller location, the location of the goods at the time of sale and whether the goods are sold via a marketplace or not. This guide is intended to be high level so help businesses understand how VAT may apply to their global sales but please get in touch so we can determine what VAT registrations are required.