Immovable property under VAT
By: edited by Robert F. van Brederode
Series: Series on international taxation -- v. 37; Series on international taxation -- no. 37.
Publisher: Wolters Kluwer Law & Business; Sold and distributed in North, Central and South America by Aspen Publishers, Inc.
Published: 2011
Place of publication: Alphen aan den Rijn; Frederick, MD
Language: eng
Number of pages: 295
ISBN-13: 9789041131263
Subjects: Real property and taxation; Property tax; Law and legislation; Value-added tax
Other titles: Immovable property under value added tax
Description: "The ideal value-added tax (VAT) would carry an economic efficiency ration of 100 as, in theory, VAT should not be susceptible to exemptions and rate variations. However, practical reality tells a different story, and it will come as no surprise to learn that the VAT systems of almost all countries remain far from the benchmark, and that this is particularly the case when VAT is applied to real estate. This book d\Describes and analyses VAT treatment of real estate transactions in six representative countries: Australia, Canada, Germany, Japan, Mexico, and the United Kingdom. As in any jurisdiction, the VAT schemes covered must accommodate complex factual matrices that demand consistent, fair, and equal treatment"--Jacket.
Notes: Includes bibliographical references (p. [275]-280) and index.