Larysa Brovchuk
Joined: 8/9/2024
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VAT on the sale of a house/apartment
Hello, my question concerns residential property purchased for resale by a company. If a company buys houses, repairs them and then sells them, what VAT rate is applicable to such a transaction. Does the sale fall under VAT-exempt transactions? If so, is it necessary to register for VAT if the threshold of 90,000 is exceeded? Is the company entitled to reimburse the VAT incurred during the repair?
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