VAT planning can include a variety of activities including opting to tax commercial property through to ensuring the correct business structure is in place, in order to maximise the VAT savings.
It is extremely important to include consideration of VAT before any major business transaction. A deal can be structured in many ways, if we are involved from an early stage, we can advise on the most efficient structure from a VAT perspective and ensure that VAT costs are kept to a minimum.
If you are about to buy a business and the seller wants to charge VAT on the sale price, please seek advice before any contracts are signed. Incorrectly charged VAT is irrecoverable.
It is possible to remove the VAT charged and reduced the Stamp Duty cost on the purchase of a VAT opted commercial building containing an ongoing tenancy.