Building sold before use in business

In The Really Useful Group plc [1992] BVC 1,310, the tribunal decided that what is now reg. 108 was triggered. The company bought and refurbished an office building, which it then sold before using it to make any taxable supplies. The company had to repay VAT.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

No subscription?

Contact us to discuss your requirements.