MAN (90/123)

No. 6420

Decision given 12 September 1991.

Input tax – Assessment – Whether supplies related to taxable or exempt supplies – Reverse consideration – Value Added Tax Act 1983, sec. 14 and 15; Value Added Tax (General) Regulations 1985 (SI 1985/886), reg. 30.

  The issue was whether a reverse consideration, and another payment connected therewith, paid to another party to induce it to accept the surrender of a lease related to the sale of freehold land and was therefore not deductible as input tax, or to the benefit of the business generally in which case it was deductible, or partly so.

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