This provides detailed commentary outlining the new rules governing the application of VAT on property.
It is an essential title for practitioners concerned with property legislation and the new VAT system in place.
Written for practitioners by practitioners,VAT on Property - Made Simple adopts a unique 'transaction based approach' in analysing this complex area of property tax. It is an essential tool for every professional advisor working in the property business.
Key Features Numerous detailed examples, tax tips and taxtraps are used to explain how such transactions are now liable/exempt from VAT under the new VAT system; Provides useful precedents to assist practitionersin drafting Contract, Lease and VAT Clauses, other VAT documents and records; Written by expereinced practitioners for practitioners; Full coverage of the background, legislation and principles of the new VAT system.
Read an extract of VAT on Property - Made Simple
Table of Contents
Part A: Introduction and Property Law Background; Chapter 1: Introduction; Chapter 2: Irish Property Law; Chapter 3: Property Sales and Transfers; Chapter 4: Development Under Planning Law; Part B: VAT Legislation and Principles; Chapter 5: Sources of VAT Law; Chapter 6: General Principles of VAT; Chapter 7: VAT on Property Transactions under the Recast Directive; Part C: Important Concepts; Chapter 8: Taxable, Accountable, and Non-taxable Person; Chapter 9: 'Developed', 'Completed' and 'Occupied' in Relation to a Property; Chapter 10: Connected Person; Part D: Understanding VAT and Property Transactions; Chapter 11: Key to VAT on Property; Part E: Sales of Property as a Supply of Goods; Chapter 12: Property Sales which are Mandatorily Taxable as Supplies of Immovable Goods (13.5 per cent); Chapter 13: Property Sales which are Exempt with a Joint Option to Tax; Chapter 14: Sales of Transitional Properties; Chapter 15: Out of Scope Sales of Property; Part F: Lettings, Assignments, Surrenders, Grants etc and Supplies of Services; Chapter 16: Letting of Property as a Supply of a Service; Chapter 17: Transitional Property which is Let under an Occupational Lease; Chapter 18: Miscellaneous Assignments, Surrenders, Grants etc; Chapter 19: Self-Supplies and the Private Use of a Business Property; Part G: Capital Goods; Chapter 20: The Capital Goods Scheme; Part H: Sales and Related Matters; Chapter 21: Liquidators, Receivers and Mortgagees.