Is the treatment of VAT on RCAs proving to be taxing?

James Paul has written a white paper on the treatment of VAT when doing a reinstatement cost assessment. 

In recent years, one of the most talked about aspects of reinstatement cost assessments (otherwise known as insurance valuations) has been the subject of VAT. Should VAT be included in the surveyor’s calculations, and why is it a contentious issue? In this white paper, James Paul MRICS, Director, EK RCA, looks at the applicability of VAT in a residential block of flats scenario, from the point of view of a block manager aiming to do the right thing by their client. EK Reinstatement Cost Assessments’ view is that VAT should be included, and this paper explains why.

To view the paper please click the link below. 

 

James Paul MRICS, Director, EK Reinstatement Cost Assessments