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VAT on Land & Buildings: "Option to Tax"

Many of the queries we deal with relate to whether VAT is due on the sale, purchase or rental of a property and the answer to this question is usually dependent on whether there is an “Option to Tax” on the property.

In this short video, Iain Johnston, VAT Specialist at Martin Aitken & Co, provides an introduction to the "Option to Tax" and outlines the VAT rules and legislation in this area. 

If you have any queries, or if you are unsure about any issues relating to VAT, you can get in touch with Iain directly by email This email address is being protected from spambots. You need JavaScript enabled to view it. or by giving him a call on 0141-272-0000.


What's covered in this video?Outlook icon

  • The "option to tax" explained.
  • The conditions required for property transactions to be VAT-free.
  • Reclaiming epxenses connected with exempt income.


This is the fifth video in a series of six short VAT explained videos. >view all

Other videos that you may find useful in our VAT video series, include:

Are charities reclaiming all the VAT they are enti...
VAT: Construction Industry Reverse Charge 1 Oct 20...

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