Hi all,
thinking about getting some properties as BTL (residential) in my current LTD.
It is now VAT registered.
What I gather is that if I rent the property out, the rent is not subject to VAT.
So it is going to hurt to be VAT registered? Just to reclaim VAT on any future repairs, renovations, etc.
Do I need to de-register due to the fact I am not offering any VAT-able products/services?
thinking about getting some properties as BTL (residential) in my current LTD.
It is now VAT registered.
What I gather is that if I rent the property out, the rent is not subject to VAT.
So it is going to hurt to be VAT registered? Just to reclaim VAT on any future repairs, renovations, etc.
Do I need to de-register due to the fact I am not offering any VAT-able products/services?
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