A seller’s tax review before investor discussions can clarify the history and identify matters needing explanation. Its purpose is to prepare consistent information and a working plan, without promising a transaction free of risk.
The VAT treatment of a property sale depends on the seller’s position, the asset and the transaction’s history. Agree the price and contractual terms after clarifying these factors, rather than relying on an assumption about VAT.
Tax due diligence before an acquisition helps identify risks that may affect the price, contract and first steps after completion. The review should reflect the business and transaction structure, rather than rely on a tax clearance certificate alone.