I am planning to put an offer in for land that has been advertised for sale by the Council.

However they are saying that offers should be exclusive of VAT. I did not think that land was subject to VAT.

Obviously the price that i would offer would be greatly affected if i have to pay an extra 20% on top.

Does anyone know anything about this?

Thanks

Comments
  • Anonymous

    Land is not subject to VAT (as indeed is any property purchase). God knows what the council are doing!

  • Stephen Margerison

    NO VAT is payable on a plot !!
    hope this helps
    SKM

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