The VAT treatment on land and property transactions depend on the transaction type such as supplies of land, rights over land and licence to occupy land. This document discusses these in detail, together with the meaning of land; whether the transaction is a supply of goods or services; exempt supplies of land; non-exempt supplies of land and their VAT treatment.

Points discussed within this guidance note:

> What are land and property transactions?

VAT on land and property is complex. This note considers what is included as 'land' for VAT purposes and when a business makes a supply of land. Interests in land. This includes rights and beneficial rights so vat on rental income or leases may be payable.

>> Supplies of land

>> Rights over land

>> Licence to occupy land

> Supply of goods or services

The grant or assignment of an interest in land and property that does not meet the conditions for a major interest is treated as a supply of services. Where it does meet the conditions of a major interest it is treated as a supply of goods.

> Exempt supplies of land

> Supplies of land that are not exempt from VAT

> Conclusion

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