Can a Pension Scheme be VAT registered?
Yes if a property being purchased has been subject to VAT, the Pension Scheme Trustees must register for VAT and can reclaim the VAT charged. Likewise the rent must be subject to VAT, which the Tenant can reclaim if they are VAT registered. Any improvements to the property by the Pension Scheme where VAT is charged, means that the Pension Scheme can reclaim the VAT.
Contact us for more about Pension Schemes and VAT.