I recently saw two clients who run a partnership, which is VAT registered, who were also considering purchasing an investment property together. I explained to them that if they did this, the rental income would be deemed as part of their VAT-able income and added on to that of the partnership.
This meant that they would lose approximately 17 percent of their rental income to the VAT man. This would therefore have a major impact on their investment yield.
We found a way around this to avoid the rental income being attached to the VAT income.
If you are a VAT registered business and considering purchasing an investment property, call Green and Peter before it is too late on 020 8446 8100.
Are You a VAT Registered Business and Considering Purchasing an Investment Property?
Table of Contents
Green & Peter
Green and Peter Accountants Ltd was established in 1993 when Robert Green and Derek Peter decided to join forces. Working in North London and close to Totteridge and Whetstone tube, Green and Peter are accessible to all clients both in person and over zoom. Green & Peter specialises in accounting for creative people, understanding their needs and requirements. From film producers to photographers and artist to models and fashion professionals. We are highly experienced in this sector.
