VALUE ADDED TAX – option to tax election – sale of site with planning consent for development – transferor hitherto as lessor of buildings on site – structure of sale agreement as Transfer of a Going Concern (TOGC) – article 5 of SPO – whether there was a property development business being transferred – whether there was a property lettings business being transferred in the alternative – appeal dismissed
Citations:
[2022] UKFTT 168 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 11 July 2022; Ref: scu.678623