WebbHowever, a TOGC is the sale of a business including assets that is treated as a matter of law, as “neither supply of goods nor a supply of services” by virtue of meeting a number … Webb16 nov. 2015 · When buying a property rental business, ensuring that the transaction is treated as ‘a transfer of a going concern ("TOGC")’ for VAT purposes is important. …
VAT: What is a TOGC? Why is it important?
Webb17 apr. 2013 · This effectively reversed the established HMRC view. Previously, TOGC treatment was denied on the grant of a new lease. Any interest in the land retained by the … WebbThis property occupies a prime trading position within the town centre. Accommodation. Ground Floor Sales - 341.03 sq m (3,671 sq ft) Ground Floor Stores - 180.41 sq m (1,942 sq ft) ITZA - 98.78 sq m (1,062.88 sq ft) Total Ground Floor - 521.44 sq m (5,613 sq ft) The areas below are excluded from the sale: First Floor - 442.96 sq m (4,768 sq ft) murphys test for gallstones
2-3 Great Hampton Street, Jewellery Quarter, Birmingham B18
WebbProperty that is not used or designed for residential use. E. – retail, offices, industrial buildings, other (properties used for leisure purposes – restaurant, education, healthcare etc) Requirements of clients for the different types of property: - Industrial property – transport and distribution links, storage - Offices – good public transport, parking - Retail … Webb15 juni 2024 · 1. There must be a transfer of the whole or an independent part of a business. 2. The transfer must be made to a taxable person. 3. The recipient (transferee) … WebbGenerally, if assets are being sold together in the form of something that is capable of being run as a business (i.e., a “going concern”), and the buyer intends to use those assets to carry on the same type of business, then this commercial property transaction may l be classed as a Transfer of Going Concern (TOGC), and as, such, will be ... murphy stonecross