LATEST: HMRC gives landlords a VAT break over lease variation

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The government has cut commercial landlords some slack as they renegotiate lease variations during Covid. Certain lease variations will no longer be subject to VAT following an update from HMRC.   Following earlier confusion regarding the tax implications of lease variations such as rent reductions or the creation of a rent-free period, the clarification is welcome news for landlords as it brings much-needed clarification to this area.  The newly published Revenue & […]

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Author: Nigel Lewis

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