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Vat on shorthold
smilingit
Posts: 107 Forumite
in Cutting tax
Hi there,
I was wondering what vat rate shorthold tenancy contract are subject to.
I was wondering what vat rate shorthold tenancy contract are subject to.
0
Comments
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If a residential tenancy then there is no VAT charged on the rental charges so there will be no effect to you.
if a commercial tenancy then the rental will be either exempt from VAT (ie, no VAT charged anyway) or will be at 17.5%, going down to 15% from next Monday.
Does that answer your question?.Anger ruins joy, it steals the goodness of my mind. Forces me to say terrible things. Overcoming anger brings peace of mind, a mind without regret. If I overcome anger, I will be delightful and loved by everyone.0
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