What Is Capital Goods Scheme Record – Accountants In Croydfn
August 25, 2022 ⚊ 1 Min read ⚊ Views 99 ⚊ BUSINESS
The Capital Goods Scheme (CGS) remains a source of confusion ten years after the “New” VAT on property rules were implemented. The CGS was created to ensure that the VAT recovered on the purchase or development of a property (a Capital Good) reflects the use that the property is put to over its ‘VAT-life.’
Tags: accounting, Capital Goods Scheme, CGT
