Hi All.
Hope someone can shed light on the following. I own a lease in a purpose built block of flats (30 in 3 linked blocks, with 3 separate entrances).
We all pay our service charges as requested the freeholders appointed service/managing agent.
The question I have relates to VAT paid on any general/ necessary charges incurred in the running/upkeep of the common areas.
For example, if it was deemed necessary by the managing agents to replace all of the floorcoverings in the common areas/stairs and VAT is charged by the supplier, I assume that the service/managing agent will make the order and the invoice will be payable by, and sent to them, including VAT.
So the question is, as payment for that work would come out of monies paid by tenants, can that VAT be reclaimed by the service agents, and secondly, if so, should that VAT payment be returned to the tenants?
This work for example would be done because it is necessary, not just for the sake of it.
Any advice much appreciated
Hope someone can shed light on the following. I own a lease in a purpose built block of flats (30 in 3 linked blocks, with 3 separate entrances).
We all pay our service charges as requested the freeholders appointed service/managing agent.
The question I have relates to VAT paid on any general/ necessary charges incurred in the running/upkeep of the common areas.
For example, if it was deemed necessary by the managing agents to replace all of the floorcoverings in the common areas/stairs and VAT is charged by the supplier, I assume that the service/managing agent will make the order and the invoice will be payable by, and sent to them, including VAT.
So the question is, as payment for that work would come out of monies paid by tenants, can that VAT be reclaimed by the service agents, and secondly, if so, should that VAT payment be returned to the tenants?
This work for example would be done because it is necessary, not just for the sake of it.
Any advice much appreciated
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