Anderson & Edwards Ltd

"Can I claim VAT when buying or leasing a commercial property for my business?" It's a commonly asked question with an answer dependant on many factors. For example, is the business property exempt from VAT? Is the property taxable for VAT purposes? Is there a Transfer of Going Concern (TOGC)? Does your business charge VAT to its customers? Recovering VAT from a commercial property as a buyer/tenant can be challenging if the required evidence is not provided to HMRC either. Associate Director, Iain Harris shares the main considerations when questioning if you can claim VAT from your commercial property deal: https://lnkd.in/dVUVkMpU #VAT #commercial #property #tax #business #taxadviser #leasing

We might just have the answers for your VAT questions around commercial property. 🏢 Do you want to find out if: ➡ VAT is applicable when selling or leasing a commercial property; ➡ you can reclaim VAT when buying or leasing a commercial property for your business; ➡ there are any VAT risks when investing in commercial property; ➡ the Option to Tax is suitable for your circumstances. With the knowledge of our Associate Director, Iain Harris, we have 5 new articles covering these topics in detail. Check them out on our website and give Iain a shout with any questions (we haven't answered yet): https://lnkd.in/ekhr5Jrb #VAT #commercial #property #tax #accountant #business

People with larger pension pots, particularly people who own their own business, can choose to move their savings into a SIPP or SSAS pension scheme. 💰 However, investing in commercial property can bring VAT obligations. Depending on how the underlying trust that governs your SIPP or SSAS is constituted, you may be obliged to register your pension fund for VAT and make quarterly VAT Returns to HMRC. Some SIPP or SSAS providers handle VAT on behalf of the pension schemes they administer, others require member trustees to make their own arrangements. Here are the top five VAT errors you might be making in your SIPP or SSAS Pension: https://lnkd.in/d2U9G8ha Give Associate Director, Iain Harris a shout if you have any questions! #tax #VAT #commercial #property #hmrc #SIPP #SSAS #pensions

Like with any investment, it's wise to consider all factors and risks before allocating your money. If you're thinking of investing in commercial property, then this is your reminder to not forget about the tax and VAT implications involved. Associate Director, Iain Harris shares his useful reminders as part of our latest 'What the VAT' series. ⬇ #VAT #CommercialProperty #Tax #Accountant #Taxadviser #investment #property

We turned 4 on Saturday 1 Feb! 🎂🎉 What started as one tax adviser (Tax Director, James Edwards) operating under the name of Edinburgh Tax Expert in 2020, then developed into Anderson & Edwards as Managing Director, Dean James Anderson came on board. We've significantly grown our client base, services and experiences since then. After welcoming Associate Director, Iain Harris last year as our tax and resident VAT wiz, we'll also be moving into a bigger office space within our current building soon. 🏢 Thank you to all our clients, partners, and networks for supporting us to date. We look forward to many more years of being your tax and accountancy firm. We're excited to see what this year and beyond brings! #Business #Anniversary #ltd #company #birthday

What the VAT (we never hear you say...)?! 🤔 If there has ever been a moment where you've wondered about buying/leasing a property for your business or investing in commercial property, then this might be the blog series that answers your VAT questions. Find out if: ➡ VAT is applicable when selling or leasing a commercial property ➡ you can reclaim VAT when buying or leasing a commercial property for your business ➡ there are any VAT risks when investing in commercial property ➡ the Option to Tax is suitable for your circumstances With the knowledge of our Associate Director, Iain Harris (resident VAT wiz 🧙♂️), we have 5 new articles in our 'What the VAT' series covering these topics in detail. Check them out on our website and give Iain a shout with any questions. We say this because there's a 99% chance that "it depends" how the rules will apply to your unique situation. 📑 #commercialproperty #business #property #vat #tax #accountant #accountancy #scotland #edinburgh #investment #businessproperty #realestate James Edwards ATT CTA Dean James Anderson CA

It was another year of more ups and downs, but nevertheless a good time to reflect our highlights including: ⭐ Welcomed a new Director, Iain Harris, adding a VAT expert to the team 💰 ⭐ Dean appeared on his first ever TikTok reel (see TT: @ICAS_Accounting) 🤳 ⭐ James moved house (to the middle of nowhere...) 🏡 ⭐ Represented at our first ever ICAS - The Professional Body of CAs Careers Fair 🎓 ⭐ Faced another UK Budget announcement (although we wish there were more positive changes there) 💼 All in all, we're celebrating another year in business as we grow. More importantly, we wish our clients, networks and partners a happy Christmas and New Year when it comes - here's to 2025! 🥳🎉🥂 #christmas #newyear #festive #celebration #taxadviser #accountant #accountancy #ICAS #VAT

Every biscuit counts, especially if you might be planning a VAT-free Christmas party. 🍪 The nuances in VAT rules around food and whether a biscuit is taxable or not depending on where AND how chocolate covers it (if any) got us thinking...🍽 Associate Director, Iain Harris, gets his party-planning/hosting hat on for this one as we talk about the VAT differences of biscuits, cakes, drinks and milkshakes - all in time for the Christmas party season. If you're looking to host a meal or party at home, there are definitely some VAT-friendly options. Even the subtlest difference between the caramel shortcake and chocolate digestive might impact how much tax you're paying on your meal (some serious tax planning). 🧮🎄 Check out the full menu on our website: https://lnkd.in/ecB7P9Mt #christmas #festive #VAT #taxadviser #accountant #accountancy #edinburgh #scotland #holiday #planning James Edwards ATT CTA Dean James Anderson CA

What's the difference between a chocolate-covered biscuit and a chocolate-filled biscuit?* 🍪 We can always rely on at least one person to ask us, “how do I save tax?” at Christmas parties (and in general). So it got us thinking - what might a VAT-free Christmas party menu look like, given the nuances in VAT rules around food? 🎄 If you're looking to host a meal or party at home, there are definitely some VAT-friendly options - from drinks, snacks, homemade meals to desserts. Even the subtlest difference between which biscuit you choose might impact how much tax you're paying on your meal (some serious tax planning). 🍽🍸🍰 Associate Director, Iain Harris, gets his party-planning/hosting hat on for this one as we talk about the VAT differences of biscuits, cakes, drinks and milkshakes - all in time for the Christmas party season. Check out the full menu on our website: https://lnkd.in/ecB7P9Mt 📜 *One is VAT-free and one is not. 😉 Dean James Anderson CA James Edwards ATT CTA #christmas #festive #VAT #taxadviser #accountant #accountancy #edinburgh #scotland #holiday #planning

Those of you that know James will know how difficult this challenge would have been for him. Getting him to condense anything in 60 seconds, especially when it can get technical, is almost impossible. 👀⏰ Marketing Manager Letitia Lam puts Jamie to the test and asks him to give us a run down of the UK budget announcement. This is handy for those that just want a quick heads up on what’s to come. 📝 Give us a shout if you have any questions - you'll get more than 60 seconds of chat (optional). 📍 The Green Room - Wine Bar, Edinburgh Iain Harris Dean James Anderson CA #tax #budget #accountant #taxadviser #uk #government #HMRC #inheritancetax #accountancy #VAT #business #employer