Hi Alan, Our client is buying a commercial property that he as rented from the vendor since 2010. Per PCVE transfer of business rules are to apply and the joint option to tax exercised. However although vat is referred to in the 2010 lease no vat was charged to our client on the rent. Question : Under the TOB rules would the liability for any historic vat issue rest with the vendor or transfer to the purchaser on sale? Thanks.
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