Toll Free: 80004440824

Frequently Asked Questions on VAT

Last updated on 17 August, 2018


 Back to FAQ

What is the VAT treatment of a building that is used both for residential and commercial purposes?

The sale or rent of a property that used for both residential and commercial purposes must be treated as follows:

  • The first supply of a residential part of a building will be zero-rated and the subsequent supply will be VAT exempt. 
  • There will be a VAT of 5% levied on the supply of a commercial part of a building. The tax paid on this supply can be recovered. 
 Previous
Next 
Get your business VAT ready with Zoho Books, an easy to use accounting software
TRY IT FOR FREE

Source: