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Should my new company be vat registered?


ekhouses

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Hi

i have a recruitment company and have built up some money that I want to lend to a new company which will be my new property company

the idea being to then invest this and purchase some properties

should my new property company be vat registered? Is there anything I might need to consider when setting it up?

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Ordinary letting business activity is VAT exempt. If you operate a guest house or a similar establishment, then VAT may need considering. I would suggest getting an accountant/tax advisor who is familiar with property. Good luck!

Jerome

Jerome@TaxAntics.co.uk

www.TaxAntics.co.uk
 

 

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