18. Transfer of a business as a going concern
How transfer of a business as a going concern (TOGC) works, and how to apply.
If you are selling or transferring a business, or part of a business, the sale will not be treated as a supply for VAT purposes if TOGC rules apply. VAT must not be charged on the assets transferred when all the relevant conditions are met.
TOGC rules are compulsory.
18.2 How office holders can apply the TOGC rules
An office holder may treat the transfer of the assets of a business as a going concern. If all conditions set out in paragraph 1.4 and paragraph 2.2 of Transfer a business as a going concern (VAT Notice 700/9) are met.