How to Buy Commercial Property Without Paying VAT (TOGC)

[@StephenDuncombetv]

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[@offshore.anglers]

Thanks for the advice

[@NathanS-r3f]

Great vid. Does this still work if you are buying part of a company, ie, the part you are buying can be separated on purchase?

[@abdullahk8691]

Really good video

[@StephenDuncombetv]

Glad you enjoyed it

[@khatil2000]

Thanks, So you have to opt to tax all properties you are interested in at any auction? Even if you are unsuccessful with them? What if you are not vat registered at exchange of contracts (new SPV)? Does togc not apply?

[@IsmailKhan-yz3cx]

Great video again- Thank you

[@StephenDuncombetv]

Thanks Ismail.

[@richardburke952]

Another insightful video... Thank you ☺️

[@StephenDuncombetv]

Thanks Richard. Great to hear that.

[@lateefaharris]

Hiya Can you do this process if the property is vacant and you intend to buy it and convert to residential? Thanks

[@dillyraf5422]

​@StephenDuncombetv actually if you're converting it to residential, then you can use a vat1614d form, which means you disapply the option to tax, and you don't pay vat. You have to do this before you buy.

[@malhotra6143]

Stephen - I am planning to buy under construction service apartment. It's in 20%-20%-60% payment plan. I am paying 20% now; Do i need to fill VAT1614A form now or in 2025 when construction completes?

[@StephenDuncombetv]

Best talk to your accountant.

[@okfour4232]

Hi What if i dont have my company registered for VAT. Do i register for VAT first ?

[@StephenDuncombetv]

Yes you need to register your company for VAT first.

[@okfour4232]

@@StephenDuncombetv . Thanks a lot Stephen. Só while registering the company for VAT. there is an option there for registering for VAT for TOGC. is that the Option I should choose and then combine this form