Covid 19: Our website and phone lines are operating as normal and our teams are on hand to deal with all enquiries. Meetings can be conducted via phone & video conferencing.

VAT liability - Landlord gifting case

The client

We were contacted by a client who had been given a rent-free period and, interestingly, a crane, by his landlord, all in the hope of encouraging him to surrender his lease and vacate a property earlier.

The client wanted us to work out his VAT liabilities regarding the crane, lease surrender and payment-free period.

Our success

Using our expert knowledge we looked into the case and found that the surrender of the lease was VAT exempt, and that the rent-free period was also outside the scope of VAT payment.

In VAT terms, the crane counts as an additional consideration, and is also exempt.

Talk to us

If you need expert advice on the VAT liabilities around gifting and all kinds of transactions, call our free helping on 0161 477 6600 or send us an email and we will be in touch.

Latest Case Studies

Flat-Rate VAT Scheme Delivers £31k Saving
VAT liability - Landlord gifting case
HMRC assessment – £28k saved
Using accounting and invoicing to maximise VAT position - £500k cash injection
Savings with Tax Dis-Application
Read all Case Studies

Useful Information

Watch Our Videos

Get the vital information you need quickly and easily by watching one of our guidance videos - topics include VAT assessments and penalties, VAT for charities, and maximising VAT recovery.

View Videos