Industry sector: Consumer services

Residential lettings: VAT repayments


VAT repayments may be made to VAT registered businesses if they pay out more in VAT on their purchases than they charge on their sales.

However, supplies of land and property intended for use as a dwelling by landlords to tenants are exempt for VAT purposes. This means that you will not be able to recover the VAT on purchases of goods or services to be used in making this exempt supply and you should enter zero in the cash flow under VAT repayments.

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