Commercial Leases · glossary
VAT at 20%, added to the rent and other sums under the lease because Fellgate has opted to tax the building. Every figure in the lease is before VAT, and Fellgate must send a VAT invoice for each payment. Linnet is registered for VAT, so it recovers the tax. Lease 3.4 · Chapter 3 · see Option to tax
Explained in Chapter 3, Rent, Rent-Free and VAT, of Commercial Leases.
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