Transfer of a Going Concern (TOGC) advice
Selling a business, or part of a business? Get the VAT treatment right!
Selling a business, or part of a business? Maybe you’ve been renting a property but are disposing of it, with tenants in situ?
The TOGC rules mean that where certain conditions are met there will be no VAT on that sale (hooray!). But this is VAT, so obviously there are a list of conditions you need to meet. Oh, and the rules are compulsory, so even when it might feel ‘easier’ to charge VAT – you need to be sure you’re getting it right.
There is some good news. Reach out to us - you can sit back and drink your coffee in peace, whilst we check the details and give you the advice and assurance you need to proceed.
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