Claiming VAT on the purchase of a commercial property

If my company acquire a commercial property (not qualified for TOGC) at a cost of £100,000+20% VAT and register for opt to tax. Then lease/rent at £1,000+20% VAT per month. Keep it simple by assuming a lump sum expenditure for the frist quarter of operation £10,000+20% VAT Property Rental Income - Output VAT £600 Property Purchase -- Input VAT £20,000 Expenditure - Input VAT £2000 Can we recover the Input VAT balance of £17,400 after the first quarter of operation from HMRC by submitting a normal VAT return ?

Hi,

If you have purchased a commercial property and you have placed an Option to tax on the property and make taxable supplies of rent then there is an entitlement to recover the VAT as input tax.

Please see the guidance below:

Introduction to input tax

The output tax to pay over to HMRC would be the VAT you charge on the rent. 

Sorry but we aren't able to deal in actual figures.

Thank you.