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VAT Value Added Tax is a tax that is charged on the supply, actual
or notional, of certain goods and services in the United Kingdom.
In cases where the landlord has elected to charge VAT on
their property, this tax will be payable by the tenant in
addition to the rent paid for the demised premises.
Currently levied at a rate of 17.5%, if the tenant is VAT
registered, in most cases they will be able to recover the
amount charged from Customs & Excise.
This tax should therefore be comparatively neutral for most
parties, except for the ultimate consumer.
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Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
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Global Office Search
Global Office Search
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| Global Office Search can provide
in-depth knowledge. |
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| Insight on the potential
for buying, selling or leasing offices and commercial
property and land in London and throughout the UK. |
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| We specialise in offices, with or without
warehouse, distribution or industrial space, and we represent
many owners, occupiers, developers and investors across the
country. |
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| As part of your office relocation
process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
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| We make our recommendations
but you decide what happens next. |
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