Topic: VAT on road works
My client purchased a piece of land with some disused buildings on it. The client incurred a substantial amount of professional fees on examining various environmental issues and opted to tax the site in order to recover these. It has also constructed a road through the site at a cost of £120,000 plus VAT. A housing association has made an offer to purchase the land with a view to building flats with a small shopping complex at the side.