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Court Of Appeal Confirms VAT Is Applicable On Sale Of Commercial Property
On 21 March 2025, the Court of Appeal (CoA) overturned a decision of the High Court which had been issued on 29 November 2018 and had held that Paragraph 8 of Part II of the First Schedule to the Value Added Tax Act (the VAT Act) exempts the sale of commercial premises from value added tax (VAT).
Anjarwalla & Khanna