Moulsdale Properties loses tax case over £995k VAT bill

An Upper Tribunal at the Scottish Court of Session has dismissed an appeal made by the owner of Moulsdale Properties who argued that his property sale was exempt from VAT

The appeal, David Moulsdale t/a Moulsdale Properties v Commissioners for Revenue and Customs [2019] UKUT 72 (TCC) by David Moulsdale of Moulsdale Properties, from the First Tier Tribunal (FTT) concerned a decision by HMRC that the sale of the office building in Cumbernauld was a taxable supply for the purpose of VAT as the requirements of VATA 1994, Sch 10, para 12 were not met.

As a result, the option to tax the property, made by Moulsdale, was not allowed and the property was not exempt from VAT.

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