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Posted Wed, 10 Jan 2024 12:41:33 GMT by
My husband and I run a VAT registered educational training business as a partnership. Unrelated to the training business we are looking at jointly purchasing a property (in a different town to where we live/run the business) to rent out as holiday accommodation on a Furnished Holiday Let basis. Income would be approx £15K per annum. Would this be considered a distinct and separate business for VAT purposes or would VAT be due on the Furnished Holiday Let income?
Posted Fri, 12 Jan 2024 15:45:27 GMT by HMRC Admin 2 Response
Hi,

It is the entity itself which is registerable for VAT.

If the make up of the partnership for the holiday lets is the same as the partnership for the training business then all then all the supplies made under that same partnership would need to be charged with VAT and detailed on the VAT return

Thank you.

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