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Official guidance
VAT Land and Property

VATLP22000 · Option to tax

  • VATLP22050 · Overview of the option to tax
  • VATLP22100 · What is the relevant UK legislation?
  • VATLP22150 · What is the European basis for the option to tax?
  • VATLP22200 · Legislative changes since the option to tax was introduced
  • VATLP22250 · Scope of the option to tax
  • VATLP22300 · Supplies not affected by an option
  • VATLP22350 · Decision and notification
  • VATLP22400 · Belated notification of an option to tax
  • VATLP22450 · Disclosure of an option to tax to a third party
  • VATLP22500 · Permission options
  • VATLP22550 · Input tax and the option to tax
  • VATLP22600 · How are rent adjustments following sales and purchases treated?
  • VATLP22650 · What about opted properties on hand at deregistration?
  1. Option to tax: contents
  2. Option to tax: what is the European basis for the option to tax?

VATLP22150 | Option to tax: what is the European basis for the option to tax?

From HM Revenue & Customs · VAT Land and Property

Article 137 of the Principal VAT Directive gives Member States the discretion to grant taxpayers a right of option for taxation for supplies of land and buildings and leasing or letting of immovable property.

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