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Jargon Buster

Do you know the difference between a valuation of a property and a survey of that property? Do you know what an 'option' is? We've put together a list of some of the most commonly used specialist valuation terms for your reference.

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In order to minimize the cost of irrecoverable VAT, i.e. input VAT which cannot be recovered, it is crucial that businesses which rent out commercial and agricultural property consider the possibility of ‘opting to tax’