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VAT aspects of the provincial purchase and termination of cattle farms

From the Platform on Agriculture, the Working Group on Fiscal Aspects RPAV-1 or MGA-1 was established. The working group has been given the task of identifying and answering fiscal questions concerning the ‘Regulation on the provincial purchase and termination of cattle farms near nature reserves tranche 1’ (RPAV-1 or MGA-1 for short; hereafter: MGA-1).

For VAT, the following points are dealt with:

VAT treatment compensation under MGA-1.
VAT deduction on demolition costs
Revision scheme for commercial buildings

Source: lto.nl

 

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