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Podcast: Wealth Made Simple Podcast
Episode: Claiming Back VAT
Description: Shaz talks you through the complete process when it comes to claiming back VAT when it comes to property investing and when it most effectively applies. KEY TAKEAWAYS Once new units are created, they become zero-rated for VAT purposes, and so any VAT claimed will not need to be repaid. You cannot reclaim VAT if you are hoping to rent out properties, because you cannot charge VAT on rent itself. BEST MOMENTS 'Because they've sold the flats they can keep the VAT' 'Rent is an exempt supply' VALUABLE RESOURCES<...