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HMRC internal manual

VAT Transfer of a going concern

From
HM Revenue & Customs
Updated
, see all updates

Land and Property: Notification on or before relevant date: option to tax: groups

In relation to this paragraph the transferor (seller) and the transferee (purchaser) also include any relevant associate as defined in paragraph 3(7) of Schedule 10 VAT Act 1994. This condition is necessary to avoid the artificial movement of the asset between associated companies to get around the VAT grouping and TOGC rules.