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mrjonbain.
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In calculating the property tax, letting agent fee, management fee, other legal and professional fee is deductable.
My question is, shoule I use before or after VAT expense in the calculation??
Really realy need help!!
Thanks!!!
mrjonbain
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Since I would think VAT could not usually be reclaimed in this circumstance it will be the VAT inclusive amount that would be deductible.This will generally be the case in trading businesses as well where trader is not VAT registered and so has not claimed back tax through VAT process.
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