VAT – Supply of serviced flats

D owned a company which had bought some flats around 20 years ago through an agent who has been renting them out since then.  This was D’s query:

‘It all started in August 2014 when the agent came to see me as he said he had been made aware for the first time that VAT was chargeable on the rents he had been charging on behalf of my company…

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Proposed BVI investment fund


Five unconnected individuals wanted to establish a private equity/venture capital fund (the ‘Fund’).  The Fund vehicle was  a limited partnership formed and tax resident in the British Virgin Islands (‘VC Fund LP’). The five individuals were to be the general partners in VC Fund LP.

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