Ask the Team: When does the VAT tax point arise in relation to a sum paid under an exclusivity agreement? | Practical Law

Ask the Team: When does the VAT tax point arise in relation to a sum paid under an exclusivity agreement? | Practical Law

An article considering when the tax point arises for VAT purposes in relation to an exclusivity agreement under which the buyer pays the seller a lump sum that is deductible from the purchase price if the parties exchange contracts.

Ask the Team: When does the VAT tax point arise in relation to a sum paid under an exclusivity agreement?

by PLC Property and PLC Tax
Published on 26 Oct 2009 • United Kingdom
An article considering when the tax point arises for VAT purposes in relation to an exclusivity agreement under which the buyer pays the seller a lump sum that is deductible from the purchase price if the parties exchange contracts.