LON (95/918)

No. 13,727

Decision given 17 November 1995.

Assessment – Director’s farmhouse pledged as security for company’s debt – Forced sale of farmhouse at instigation of bank – Whether VAT on agents and solicitors fees incurred in sale recoverable by company – Value Added Tax Act 1983, s. 14 and 15 (Value Added Tax Act 1994, s. 24, 25 and 26).

  The issue was whether input tax on the costs incurred by the appellant company on a forced sale of a director’s farmhouse at the instigation of the bank were recoverable.

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