An article on VAT and property would not normally arise owing to a public health emergency and global pandemic, but unfortunately it is against this very backdrop that this article is composed. The economic consequences of the pandemic have affected every facet of business life, and the landlord–tenant relationship will not escape the harsh realities of our “new normal”. The purpose of this article is to highlight some of the implications that can arise from a VAT perspective when the landlord–tenant relationship breaks down or is under renegotiation and to provide some guidance to help counteract possible pitfalls. Different implications arise depending on when the original lease arrangement was entered into, and it is therefore important to remember the distinction between leases created before 1 July 2008 and those created on or after this date.
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