Text for Report on Title
ROT: Tax Exposure: VAT & SDLT
- Change date
- 11/09/2025
- Word count
- 72
- Deployment measure
- 7/10
Rationale
The draft clause is intended to warn the buyer that, although HMRC correspondence suggests the VAT exemption applies, there remains a risk it has been disapplied. Its purpose is to shift responsibility to the buyer to take tax advice and accept potential VAT and SDLT liability.
VAT will be payable in the event that the exemption has been disapplied by the Seller. The Seller has provided at **ANNEX [ ]** correspondence from HMRC suggesting that the
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