VDT Transfer of going concern; sale of heritable property held as an investment by private limited company to two individuals; exercise of option to tax; whether individuals intended to carry on similar business; no; Value Added Tax Act 1994 section 4, Schedule 9, Group 1; The Value Added Tax (Special Provisions) Order 1995; HMRC Notice 742A and 700/9; Appeal dismissed.
Citations:
[2008] UKVAT V20742
Links:
Jurisdiction:
England and Wales
VAT
Updated: 19 July 2022; Ref: scu.272978