Vat Hike May Increase Stamp Duty Liabilities

Summary

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Christine Janaway from property consultants Bruton Knowles in Gloucester, examines how the increase in VAT to 20 per cent affects commercial property transactions across the region.

FOR those who lease or are looking to buy or sell commercial property this month's VAT hike to 20 per cent could have an impact on your stamp duty land tax (SDLT) liabilities. Now is a good time to reach for a calculator and check the tax implications for any commercial property transaction, where you are obliged to pay VAT. Failure to work out your liabilities correctly may mean falling foul of any penalty charges.

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Extract

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Vat Hike May Increase Stamp Duty Liabilities

As is often the case with tax matters, things aren't straightforward; though the VAT rate increased on January 4, i...

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