Vat for SPV company

Hello My friend is running an SPV company that mainly buys a couple of residential properties and rents them out to students. The rent income is over £90,000. Shall his company register VAT exemption, or does it not need to register VAT? Thanks Grace

Hi,
The rental income from a residential property would normally be an exempt supply and so there would be no requirement to register for VAT.
Please see the guidance below:
3. The liability of a supply of land
3. Working out whether you need to register
However, if it is classed as holiday accommodation then this would be standard rated.
Please see below:
5. Holiday homes.
Thank you.