Value Added Tax Act 1994 section 51

Buildings and land

Section 51 introduces the special VAT rules that apply to buildings and land, contained in Schedule 10, and gives the Treasury power to amend those rules.

• Schedule 10 sets out the detailed VAT provisions relating to buildings and land, including the option to tax
• The Treasury has the power to amend Schedule 10 by order
• The option to tax allows a taxpayer to elect to charge VAT on supplies of land and buildings that would otherwise be exempt
• This section acts as a gateway provision, with the substantive rules contained in Schedule 10 itself