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HMRC internal manual

VAT Land and Property

Fishing and shooting (Item 1c): time-share of fishing rights

A time-share in fishing rights is standard rated. However, in Scotland you may find that there is a supply of fishing rights restricted to one week a year together with a “pro indiviso” share of a land over which the rights are exercisable. In this situation the supply is exempt, with the option to tax.

A person with a pro-indiviso interest in property has no absolute right to any particular portion of the property but rather an interest, shared with all the other pro-indiviso proprietors in the whole property. They have been granted full title to the land in joint ownership with other purchasers.