Specialization
Target audience
- Lawyers
- Chartered accountants
- Estate agents
- Notaries
- Developers
1 day
Prerequisites
Experience in real estate transactions is required, but expertise in taxation is not necessary
Objectives
◗ Identify real estate transactions subject to VAT and the applicable tax regimes.
◗ Analyze the implications of VAT choices on acquisitions, leases, renovations, and disposals.
◗ Ensure the proper tax treatment of complex real estate transactions.
◗ Apply VAT and registration tax rules to major real estate transactions.
Training program
◗ Scope of VAT on real estate transactions
– Definition of a taxable person: understanding which businesses are subject to VAT
– Concept of a direct link: understanding which transactions are subject to VAT
– VAT adjustment mechanism
– Rules governing the transfer of real property as part of a universal transfer of assets (Article 257 bis of the General Tax Code)
◗ Building construction
– VAT rules for building lots
– Self-supply
– Tax treatment of new building sales
– Building renovation: distinction between major and minor renovations, and tax implications of classification
– Reduced registration fees in the event of a commitment to build
✔ APPLY | Case study: practical scenarios involving transactions related to building lots and mixed-use properties
◗ Building rental
– Applicable VAT regime: cases of exemption; opting in to VAT
– VAT tax base
– Procedures for recovering VAT on construction work
✔ APPLY | Case study: procedures for recovering VAT in the case of a mixed-use building
◗ VAT on work
- Applicable VAT rates
- Special features of subcontracting
◗ Sale of old building
– VAT Adjustment Mechanism
– VAT Option on Resale: Terms and Conditions; Key Issues; Consequences
– Specifics for Real Estate Investors
✔ APPLY | Case Study: Transactions Involving Older Properties and Properties Refurbished After Major Renovations
✔ EVALUATE | Interactive End-of-Session Quiz to Test Mastery of Key Concepts Covered During the Training
Why choose this course?
Real estate sales and purchases have VAT implications that can have an immediate and significant impact on the sale price negotiated between the parties. This training course provides a thorough understanding of the various VAT regimes that apply depending on the type of transaction: sales of new, existing, or renovated properties by real estate dealers, developers, or investors… This training course is led by a tax attorney specializing in real estate taxation.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
1 295 € EXCL. TAX
Testimonials
Jonathan C.
Company
Training