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Hi Alan, My client Limited company (which is vat registered for many years)own land(approximately 5 building sites on same land). the company has not had any sales of land/sites for the past 8 or 9 years. Little on no activity taking place in the company by way of income or expenses. The 5 sites are serviced by a road, street lighting, water and sewage which was paid for the my client company. The company sold one site(no planning permission on the site and the site is not developed other than by way of being serviced by the road, street lighting, water & sewage as previously mentioned) in 2018 for €20K to a private individual(not a builder). Q: is the company liable for VAT on the sale of the site for €20K ?

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Asked on 7 June 2019 4:13 pm