LON (93/1296)

No. No. 11,556

Decision given 8 December 1993.

Input tax – Attribution to taxable supplies – Partial exemption – Reverse premium – Payment made by landlord to tenant as inducement to enter into lease – Work carried out on premises by tenant both under agreement and at additional cost – Whether input tax on additional work deductible – Value Added Tax Act 1983, s. 3(2)(b) and 15; Value Added Tax (General) Regulations 1985 (SI 1985/886), reg. 30 and 31.

  The issue was whether input tax incurred by the appellant lessee, a partly exempt stockbroker, in fitting out new office premises was wholly recoverable.

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