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Hi, We have a client who controls a property, the property was a convent and is over 100 years old, it is currently being used as office space and rented to various tenants, our client collects this rent and they share the profits of the income with the owner of the property, they don't receive an invoice from the property owner and pay no VAT to the owner they just profit share, the query we have is: does our client have to charge VAT on the rental income generated from the property?

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Asked on 23 July 2019 10:44 am