If a property developer applies to register for VAT as an intending trader, HMRC require evidence of the intention to trade because the intended sale of completed properties may be some years away.

A statement by HMRC of the evidence requirements which must be satisfied by property owners and developers applying for intending trader registration is in News Release 65/1990 (25 September 1990), which is reproduced below:

‘Customs have reviewed their objective evidence requirements in respect of property owners and developers who apply for VAT registration on the basis that they intend to make taxable supplies by way of business at a future date.

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