Claiming VAT before 5 years

1 post / 0 new
Claiming VAT before 5 years

Hi there,

I am looking at a property completed under 5 years ago that, when purchased, was included in the "Leaseback allowed" developments. For some reason or other the current owner did not claim the VAT back. She did however enter into a rental agreement similar to the one that you would expect in a leaseback agreement. My question is- If i buy the apartment before 5 years is up can i claim the VAT back on the original purchase price if i continue the lease agreement?

Cheers

Paul