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Podcast: Wealth Made Simple Podcast
Episode: Understanding VAT and CA
Description: Shaz talks you through a practical example about how to better understand VAT and capital allowances, and the benefits that can be achieved when converting from commercial to residential. KEY TAKEAWAYS When looking to buy a property it is wise to find out about the exact VAT situation. When you make the offer, make it clear that you want to convert from commercial to residential, and ask if they will accept a VAT 1614D. Elements of a building that are subject to capital allowances are any part of the property that are not inherently provided by...