Sale of donated land
HMRC takes the view that the sale of bequeathed land or buildings by a charity does not qualify for zero rating under this provision where the charity has not taken legal title. Its argument is that, in most cases where dwellings or land are bequeathed to a charity, the property would not have been a business asset of the deceased person or the charity. Any supply of the property is therefore normally outside the scope of VAT and the charity is not able to recover VAT on expenses connected with the sale.
Get email updates on VAT zero rates
Latest on Donated goods – VAT zero rating
- Tax updates
No content has been posted here yet.