Here at Bridging Vat, a question we get asked a lot by both Developers and Commercial Finance brokers is “How do I know if the property is opted to tax?”
Here at Bridging Vat, a question we get asked a lot by both Developers and Commercial Finance brokers is “How do I know if the property is opted to tax?”
HMRC's latest report, shows estimates for September property transactions and the news is positive. Figures are based on transactional records and show the results in context of the last 10 years.
Here at Bridging Vat, our expertise means that we have simplified the process of a short term loan to fund 100% of the VAT on your commercial property purchase.
With the majority of commercial properties in the UK “opted to tax” and therefore attracting VAT on the sale, it is important to recognise that this additional 20% upon completion can create a funding gap.
Bridging Vat are pleased to publish Q3 of our trading report, "The Quarterly Return".The report provides a financial overview, industry news and insights into the quarter ahead.
By using Bridging Vat, rather than own funds or JV partners’ funds to pay the VAT bill upon completion, Developers are able to retain capital that would otherwise be tied up with HMRC for potentially between 3 and 9 months.
VAT bridging loans on commercial properties are a relatively new product on the market. As with all new products to market, there is an educational role to play, helping potential users understand why the product is beneficial, how it works and what is involved in applying for a loan.
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