TY  - SER
AU  - Potts,Andy
TI  - User-friendly way of taxing buildings
T2  - Estates Gazette
PY  - 2008///
KW  - VALUE ADDED TAX ACT 1994
KW  - United Kingdom
N2  - Second of two articles discussing the option to tax land and buildings. Looks at changes to the option to tax land and buildings separately. These changes to the VAT Act 1994's schedule 10 were introduced on 1 April 2008. Considers the revocation of decisions to opt for taxation in light of technical and detailed HMRC conditions. Examines the common problem of taxed commercial buildings being converted to residential use. Warns that companies who tax all their land and property cannot revoke this option in piecemeal fashion. Concludes that the property sector should welcome the measures. (See L143377 for part one.)
ER  -