Transfer of Going Concern
Discussion
Keep it simple people.
I’m almost done acquiring domestic BTLs, now looking to commercial stuff.
For a lot of properties where there is a commercial tenant in situ, ( like a bookies or whatever) its states in the add ,
“However it is anticipated that and sale will be treated as TOGC”.
Now my current Ltd co is not vat registered because it doesn’t need to be.
What are the implications for me buying a property with this statement in the ad?
What are the implications for me? I know nothing really about VAT as I’ve never dealt with it. The rent received is approx £50k a year.
I’m almost done acquiring domestic BTLs, now looking to commercial stuff.
For a lot of properties where there is a commercial tenant in situ, ( like a bookies or whatever) its states in the add ,
“However it is anticipated that and sale will be treated as TOGC”.
Now my current Ltd co is not vat registered because it doesn’t need to be.
What are the implications for me buying a property with this statement in the ad?
What are the implications for me? I know nothing really about VAT as I’ve never dealt with it. The rent received is approx £50k a year.
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