The paragraph looks at the transfer of a business as a going concern (TOGC).
The disposition of a business as a going concern is a supply made in the course or furtherance of business. So is the disposition of the assets or liabilities of a business1.
This paragraph considers:
鈥⑻� the consequences of a transfer of a going concern
鈥⑻� the meaning of 'going concern'
鈥⑻� the conditions attached to the 'de-supply' of the transfer of a going concern
鈥⑻� TOGCs in particular circumstances 鈥� including property rental businesses and transfers into and out of VAT groups
For an overview of VAT and business more broadly, see V2.201B.
Whether a business is transferred as a going concern is important as it has several potential consequences for VAT purposes. The major consequences are set out below.
Where a TOGC fulfils certain conditions (ie those set out in SI 1995/1268, arts 5(1)鈥�(3)) the supply of goodwill, premises,
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