Case study
Middle Eastern investors wish to purchase UK commercial property and contracts must be exchanged quickly in order to secure the purchase. The sellers are VAT-registered.
Steps
- An offshore company can be incorporated within days and this company will be the purchaser of the property.
- Funds for the purchase are injected into the offshore company.
- We can apply for UK VAT registration of the offshore company on a “transfer of business as a going concern” basis so the seller will not have to charge VAT on the sale price to the buyer. Without the VAT registration of the buyer, VAT at 20{e68217344b855fcd608ed2c4c41f83644da7cd41ea524fbfa2ad06c632d3255d} of the selling price could become “irrecoverable”.
RKG Consulting can assist in the entire process from start to completion of the transaction and also co-ordinate with UK lawyers who will be responsible for the conveyancing of legal title.