V.A.T Applicable On Sale?
Hello all,
We are in the process of selling our property and have been told that the outbuildings which we converted to Gites are liable to VAT, luckily we kept all the factures and have passed these on to our notair along with the permission etc, we found it difficult to get much information on how this works for instance how do they establish the value on the gites and is the tax on materials, labour, total value or profit etc? any information would be much appreciated
All the best
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