Nogood Boyo: a simple VAT Question

Part of the deal could be to only operate from within a certain area.

"Peter Saxton" wrote

But then it starts sounding like "rent" again!

Not really. Any contract wouldnt allow unlimited access to any property of the landlord.

"Peter Saxton" wrote

Agreed (wouldn't allow unlimited access) - but any contract which does allow *some* access to property - and therefore specifies a particular area of property - usually talks about "rent", doesn't it?

["In return for me allowing you to use this bit of land, but not use that bit of land, pay me X dosh - with X determined as follows..." sounds very much like you are *renting* that particular space!]

Not if the consideration is solely related to the sales made rather than having a fixed element.

"Peter Saxton" wrote

Why is that not just a *variable* "rent" ?

The point is, it's a payment for use of a specific area of land/property. That could be argued to be rent whether it is fixed or variable!

Guys, my answer was so much more commercial than any of this technical nonsense.....!

By analogy, the question was " 2 + 2 = 4?" and your answer amounts to "the = is an imaginary number, QED."

Who cares if it's rent or commission? Commission on land is rent, you won't get that past the Stamp Office or HMC&E....

If this was the real answer that the alleged accountant gave his client, I'm glad I'm not the client.

In message , Tim writes

Your top-posting belies you as someone with little experience of the world. The decision as to whether to call this money Rent or Commission seems trivial to you because you have never dealt with mult-million pound developments for a variety of clients across the spectrum: Charity to Huge Company PLC to Fred & Sons.

When you have that experience and knowledge you will be a Chartered Accountant, you will still be arguing with Peter and thinking everyone else is an idiot but at least you will be doing it from a knowledge-base.

Do us a favour... take me out of the Subject...

Different rules apply to different transactions. You may not care what it is but I'm sure you wouldnt be happy if it cost you a lot of money!

Only if you admit that 89% Blue is to all intents and purposes "Black" and that you tumbled into the trap like the rest of us did.

"Troy Steadman" wrote

If 89% blue and 11% "something else" becomes black, then what on earth is the other 11% ??

don't feed the troll

In message , Troy Steadman writes

Or, Halifax.... for example...?

And why is it VATable? What will the agreement say? Will it limit the user to a particular part of the forecourt?

Robert

And why is it VATable? What will the agreement say? Will it limit the user to a particular part of the forecourt?

Robert