VAT on Land and Property - Session 1 & 2

Quorum Training - A Wilmington Company
Course summary
Professional Training
6 hours
395 GBP excl. VAT
Online courses

Course description

VAT on Land and Property – Session 1 & 2

Land and property projects and transactions are high value and inevitably high risk from a VAT point of view. This area of VAT is complex Errors are easy to make, often impossible to correct, and can lead to unanticipated costs and penalties.

This VAT on Land, Property and Construction course provides a full explanation of all the VAT rules for commercial, charity and residential construction, refurbishment and supply, as well as common supplies between landlords and tenants. It will equip the delegate to plan projects VAT effectively, and avoid VAT traps. A good basic knowledge of VAT is assumed.

CPD Hours: 6

Suitability - Who should attend?

This course is for all ranges of businesses and organisations (especially those that are partially exempt) involved directly and indirectly with land and property services and transactions.

Training Course Content

Day 1

Session 1


  • New commercial buildings, residential, relevant residential and charitable buildings
  • VAT traps that prevent zero rating
  • Changes to statutory planning consents
  • Mixed developments and how to apportion the VAT bearing costs
  • Building materials and fixtures- incorporated or blocked?
  • Building contracts, tax points and payments
  • Anti-avoidance measures

Conversions and refurbishments

  • Zero-rated conversions
  • The 5% VAT rate for refurbishments and changes to the number of dwellings

The reverse charge for construction services from 1 October 2020

  • All aspects including invoicing and VAT return completion

Sales and leases of new and converted residential, relevant residential and relevant charitable buildings

  • Strict conditions for zero rating
  • Common mistakes that void zero rating
  • Changes of intention that trigger VAT problems

Day 2

Session 2

Land and property supplies

  • Supplies of goods or services?
  • Standard rates
  • Licences to occupy land
  • Exclusions from exemption
  • Inadvertent exempt supplies and input tax apportionment

The VAT option to tax

  • The benefits, what an option to tax covers, and how to avoid mistakes
  • Automatic and permission options and how to apply to HMRC
  • Disapplication of the option to tax, the effect on VAT recovery, and anti-avoidance measures
  • VAT planning and the Halifax decision
  • VAT free Transfers of Going Concerns (TOGCs)

Supplies between landlords and tenants

  • Rent free periods, dilapidations, reverse premiums, assignments and inducements

Partial exemption and the VAT Capital Goods Scheme (CGS)

  • Initial VAT recovery and ‘Payback’ and Clawback’
  • What the CGS covers and how it works
  • Danger areas e.g disposals and TOGCs

VAT free treatment for certain land and property transactions

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About provider

Quorum Training - Business and Finance Courses for Professionals

Quorum Training provides a range of specialist courses designed specifically for business and finance professionals, covering such topics as: Accounting and finance Taxation VAT Governance Risk and compliance Financial markets and corporate treasury Charities Management and leadership Courses are available...

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Contact info

Quorum Training - A Wilmington Company

5th Floor, 10 Whitechapel High Street
E1 8QS London

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