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VAT on Real Estate Industry
November 24 @ 3:00 pm
November 24, 2022 | 03:00 PM GST | UAE
The VAT treatment of real estate transactions has evolved into one of the most complex areas of the tax. Given the high values of many property deals, it is important for businesses to understand the VAT implications.
The VAT rules for residential development can be complex, especially those properties with mixed supplies (taxable and exempt supplies), particularly in the build-to-rent sector where there are various potential traps, as well as structuring opportunities to minimize irrecoverable VAT.
Errors in VAT treatment, whether on your supplies or input vat claims can cause significant disruption and risk to the business. This note highlights a few common VAT issues that arise in this sector.
This free webinar will focus on Real Estate, VATGRE1, and correct treatment of commercial and residential properties, labor camps, mixed-used properties, date of supply, common errors to avoid, input vat claims, yearend apportionment, and other relevant issues in the real estate sector.
Mr. Zaheer Anis
Mr. Arnel Gagani