Claiming Back VAT
Episode description
Shaz talks you through the complete process when it comes to claiming back VAT when it comes to property investing and when it most effectively applies.
KEY TAKEAWAYS
- Once new units are created, they become zero-rated for VAT purposes, and so any VAT claimed will not need to be repaid.
- You cannot reclaim VAT if you are hoping to rent out properties, because you cannot charge VAT on rent itself.
BEST MOMENTS
'Because they've sold the flats they can keep the VAT'
'Rent is an exempt supply'
VALUABLE RESOURCES
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on: