It is not a supply by you if you as a developer dedicate or vest, for no monetary consideration either a new: letting of land or buildings (but not garages, designated parking bays or other facilities specifically designed for parking) where the conveyance or contract makes no specific reference to use for parking vehicles

You should read this notice if you make, or intend to make, supplies of any interest in land, buildings or civil engineering works. 1.4 The law covering this notice cover use the extra statutory concession described in paragraph 12.2, to treat supplies made direct to a freehold owner as exemptThe above does not apply to the provision of parking in conjunction with holiday accommodation. This is normally standard-rated, see Buildings and construction (VAT Notice 708). A property management company cannot treat supplies made direct to an occupant of a building (whether a leaseholder, tenant or freeholder) as exempt supplies, see paragraph 12.4. At predetermined intervals you pay HMRC the excess of your output tax over the VAT you can reclaim as input tax. But, if the input tax you can reclaim is more than your output tax, you can reclaim the difference from HMRC.

Agreements drawn up between developers, local authorities and water sewerage undertakers make provision for a wide variety of land, buildings and works to be provided, at the developer’s expense, in connection with the granting of planning permission for the development. You can opt to tax land (including buildings). Once you have opted to tax any supplies you make of the opted land will normally be standard-rated. Read Opting to tax land and buildings (VAT Notice 742A) for more information. 3.2 Freehold sales of new or part completed commercial buildings

VAT imports and exports. Movement of goods between Northern Ireland and EU, and Great Britain and Northern Ireland There is no supply for VAT purposes by a prospective tenant if you pay that prospective tenant for doing no more than entering into a lease with you. for more information read VAT on movements of goods between Northern Ireland and the EU (VAT Notice 725)

As a developer of a private housing or industrial estate you may transfer, for a nominal monetary consideration or peppercorn, the basic amenities of estate roads, footpaths, communal parking and open space to a management company that will maintain them. This is not a supply, but the input tax you incurred on the building costs is attributable to the supplies of the land and buildings of the development itself. 8.3 Community Infrastructure Levy Officers aim to carry out their duties with as little inconvenience to you as possible. For a small business, a visit may only take a few hours, for a large or complex business it can last 2 or more days. 2.2.3 What happens during a visit An inducement paid by a tenant to a third party to accept the assignment of a lease is not consideration for the assignment or grant but is a standard-rated supply of services by the third party. 10.2 Rent-free periods Restrictive covenants are placed on land to control its use. A typical restrictive covenant is one that forbids any development of the land. Most business transactions involve supplies of goods or services. VAT is payable if they’re supplies made:This means that if the rents from the commercial premises are exempt from VAT, the parking facilities will also be exempt. If you’re a farmer operating under the Agricultural Flat Rate Scheme and can produce a certificate of evidence to that effect, then this paragraph does not apply to you. 7.9 If the land or building includes fixtures and fittings You can reclaim more if the proportion of your taxable supplies increases, but you’ll have to repay some if it decreases. If you move your own goods from Great Britain to Northern Ireland

you were entitled to claim input tax on their acquisition or on their construction where that construction created a new building, or acquired them as a transfer of a going concern and a predecessor owner was entitled to claim input tax Any statutory compensation you pay to a tenant under the terms of the Landlord and Tenant Act 1954 or the Agricultural Tenancies Act 1995 is outside the scope of VAT. This applies even if an agricultural tenant has issued a notice to quit having decided to retire from farming. Examples of items for which statutory compensation is given on the tenant quitting property are milk quotas left behind, manurial values and standing crops. If you lease land together with sporting rights over that land, and the sporting rights represent no more than 10% of the value of the whole supply, your supply will be of exempt land unless you have opted to tax. the fish taken away are of a species generally used for food in the UK (see Food products (VAT Notice 701/14)) If a financial institution, or any other person, sells land or buildings belonging to you in satisfaction of a debt owed by you, you are making a supply. If tax is due on that supply, the person selling the land or buildings is responsible for accounting for that VAT (see paragraph 9.4 for more information). 9.2.2 Foreclosures

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tenant takes up both the lease of the dwelling and the lease of the garage or parking space from the same landlord a freehold sale of a new or partly completed garage, car park or car parking facility other than in conjunction with the sale of a new dwelling (see paragraph 4.4). A garage or car park is new’ for 3 years following the date on which it was completed (see paragraph 3.2 and 3.3 for further details) the freehold sale of garages, car parks or car parking facilities that are not new (more than 3 years have elapsed from the date on which they were completed, see paragraphs 3.2 and 3.3 for further information) How VAT affects charities (VAT Notice 701/1) gives more information on non-business activities for such bodies.