Honduras Wharf Ltd v Revenue and Customs: FTTTx 11 Jun 2014

FTTTx VAT – land and property – validity of option to tax- student accommodation – two stage process – whether taxpayer had intention to opt to tax – no commercial sense – error by advisers- HELD -taxpayer’s actions at time and subsequent actions supported intention to exercise option – burden of proof not satisfied – option confirmed as properly made – appeal dismissed.

[2014] UKFTT 581 (TC)
Bailii

VAT

Updated: 05 December 2021; Ref: scu.526923