VAT Increase and Residential Property Transactions

Many property developers and purchasers are unsure how the increase in the VAT rate to 15% will affect their property deals signed before 1 April 2018. What does the VAT Act say? Section 9(3)(d)(ii) and (iii) state that “where goods consisting of fixed property or any real right therein are supplied under a sale, that … Continue reading VAT Increase and Residential Property Transactions