# Limited company to pay VAT when sell property? **URL:** \ **Category:** Property Investment\ **Created:** [26 January 2023 10:31 UTC](https://community.openrent.co.uk/t/limited-company-to-pay-vat-when-sell-property/44282 "2023-01-26T10:31:45Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![Joe15](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/joe15/32/14578_2.png) [@Joe15](https://community.openrent.co.uk/u/Joe15)\ **Post date:** [26 January 2023 10:31 UTC](https://community.openrent.co.uk/t/limited-company-to-pay-vat-when-sell-property/44282/1 "2023-01-26T10:31:45Z")
Hi, 6 years ago I started a limited company to buy a house for 220k, I spent 200k converting this into 3 flats. I recently sold one of these flats for 144k. I divided purchase cost into 3 and with development costs made a loss of 3 k. My accountant has suggested that I need to register for VAT because this transaction has put me over the £85,000 threshold. She also informs me that I will have to pay VAT on the total turnover. As I did not charge the seller VAT I’m surprised she has requested this? Does this make sense to anyone? Thanks Joe ---
**Author:** ![David122](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/david122/32/1449_2.png) [@David122](https://community.openrent.co.uk/u/David122)\ **Post date:** [26 January 2023 16:37 UTC](https://community.openrent.co.uk/t/limited-company-to-pay-vat-when-sell-property/44282/2 "2023-01-26T16:37:56Z")
Get a second opinion from one of the landlord tax specialists that advertise. ---
**Author:** ![Joe15](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/joe15/32/14578_2.png) [@Joe15](https://community.openrent.co.uk/u/Joe15)\ **Post date:** [26 January 2023 19:12 UTC](https://community.openrent.co.uk/t/limited-company-to-pay-vat-when-sell-property/44282/4 "2023-01-26T19:12:04Z")
Thanks David, are there landlord tax specialists that advertise on this website or were you thinking of another site? Appreciate your reply/advice Joe ---
**Author:** ![David122](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/david122/32/1449_2.png) [@David122](https://community.openrent.co.uk/u/David122)\ **Post date:** [29 January 2023 12:38 UTC](https://community.openrent.co.uk/t/limited-company-to-pay-vat-when-sell-property/44282/5 "2023-01-29T12:38:33Z")
You could try Rita4Rent. They used to be the NRLA tax partner. ---
**Author:** ![Joe15](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/joe15/32/14578_2.png) [@Joe15](https://community.openrent.co.uk/u/Joe15)\ **Post date:** [29 January 2023 15:04 UTC](https://community.openrent.co.uk/t/limited-company-to-pay-vat-when-sell-property/44282/6 "2023-01-29T15:04:26Z")
Thanks David-I appreciate you taking the time to reply. Best wishes ---
**Author:** ![Cath2](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/cath2/32/1124_2.png) [@Cath2](https://community.openrent.co.uk/u/Cath2)\ **Post date:** [30 January 2023 21:25 UTC](https://community.openrent.co.uk/t/limited-company-to-pay-vat-when-sell-property/44282/7 "2023-01-30T21:25:34Z")
Sounds like you might need a new accountant! Unless there’s something odd in your situation, you don’t pay VAT on the sale of residential property. Commercial property may be VATable depending on circumstances. ---
**Author:** ![system](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/system/32/11_2.png) [@system](https://community.openrent.co.uk/u/system)\ **Post date:** [16 August 2024 01:51 UTC](https://community.openrent.co.uk/t/limited-company-to-pay-vat-when-sell-property/44282/8 "2024-08-16T01:51:23Z")