Land and buildings — buying and selling — invoices and payments | Tax Guidance

Land and buildings — buying and selling — invoices and payments

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note provides information on the VAT treatment of invoices and payments when buying and selling land and buildings.

Detailed commentary on invoices is included in De Voil Indirect Tax Service V3.511 to V3.529.

Summary of points to consider

The table below provides a summary of points to consider when an invoice or payment is issued or received in relation to a sale of land or buildings.

Points to consider	Relevant sections of this guidance note
Where is the property located?	Place of supply
Is VAT due?	Applying the correct VAT treatment
If VAT is due, when must it be accounted for?	The tax point rules
Will the seller retain a right to receive one or more payments in the future?	Overage arrangements

Place of supply

The sale of land and buildings located outside the UK is outside the scope of UK VAT, but may be subject to tax in another country. For information

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