Paying VAT on the sale of a commercial property

I have just sold a property that is subject to VAT and I need some advice on how to pay the VAT that is due following the sale. Can this be paid on the usual quarterly return or does it need to be dealt with separately?

Angela The output tax on the sale of a commercial property is dealt in the exact same manner as any sale. You'll have a sales invoice (or more likely a completion statement), you declare the output tax on the VAT return as per date of invoice/completion statement. Whether you are on accrual or cash accounting, the way in which property is sold, you will have received the full funds on the day of completion/sale and/or a completion statement invoice issued.

Hi,

It would be dealt with the same way as any other output tax so would be entered on the VAT return in boxes 1 and 6.

Thnak you.