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Posted Sun, 09 Jun 2024 20:05:03 GMT by sheila Be
I understand implications of charging VAT on commercial lease but want to know can I opt in if lease already in place ie midterm. Lease allows for VAT.
Posted Mon, 10 Jun 2024 14:57:58 GMT by HMRC Admin 18 Response
Hi,

You can opt to tax a property at the time of your choosing.

However, if you hav,e already made exempt supplies of the property before the option is made then you may need to seek approval to opt to Tax the property.

Please see the guidance below:

5. Permission to opt to tax

Thank you.

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