VAT-free business transfer despite only short-term lease of ...
Following an opinion of the ECJ the Supreme Tax Court held that a sale of a shop’s stock and fittings accompanied by an indefinite lease on the premises cancellable at three month’s notice can be VAT-free as the sale of an entire business, if, in the circumstances, the items transferred are sufficient to enable the purchaser to operate on a lasting basis.
Categories: Supreme Tax Court cases
Keywords: VAT-free business transfer, short-term l ...
