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M21006 - VAT Considerations in the Immovable Property Industry (Online)

  • 28 Jan 2021
  • 13:30 - 16:45
  • Online Webinar


Registration is closed
Registration Time: 13.15
Sessions Time: 13.30 - 16.45 incl 15min break
Speaker: Mr Kenneth Cremona
Venue: Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00

Background Information

This session will give a detailed walkthrough of the various VAT considerations parties dealing with immovable property should be aware of. The general rule is that immovable property is exempt from VAT. However there are transactions which may be considered to be debatable, while naturally others which are chargeable for vat purposes as per the specific exceptions dealing with immovable property. Hence, this session will discuss the definitions and scope of the exemption. In the absence of clear-cut legislative definitions, we will refer to CJEU case law and domestic practice and guidelines. The treatment of input VAT will also be evaluated, and moreover, the possible utilisation of partial attribution.

Objectives of the Session

  • A refresher on the basic VAT concepts, as preparation for the delivery. 
  • Understanding immovable property transactions that are chargeable/not chargeable for VAT purposes. 
  •  Analysing the rights of input VAT deductions for companies operating in this industry.
  • Discussion on the applicability of partial attribution • Working out a practical example focusing on this industry.

Topics on the Agenda

  • Refresher on core principles of VAT 
  • Analysing the VAT activities within scope of the VAT exemption 
  • The right for input VAT deductions and partial attribution 
  • A practical example focusing on this industry

Target audience

Accountants and prospective accountants, tax lawyers, tax practitioners, as well as business owners and self-employed persons

Speakers profile

Kenneth Cremona graduated with a Master in Accountancy from the University of Malta in 2015. Kenneth joined RSM Malta in 2016, initially working on Income Tax Compliance dealing with clients established in multiple industries including Gaming, Immovable Property, Investments, Pharmaceuticals and Retail. During 2019, he specialised in VAT advisory and was promoted to a Supervisory role within the firm. Kenneth is also a CPA warrant holder and received the Professional Certificate in Taxation issued by the Malta Institute of Taxation in 2017.


3 Hour Core


Terms and conditions apply


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