Christian Luffman ShaynaHauc
What are the conditions for Capital Goods Scheme (CGS)?
Can a tenant opt to tax a property?
What is the de minimis limit?
What is the capital goods scheme?
Is VAT input available on capital goods?
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Capital Goods Scheme (CGS) applies where assets with long life which is partially exempt and is a :
(i) building >£250k - 10 years
(ii) £50 computer; ship etc; - 5 years

Recover % of taxable usage rate x input tax; annual adjust for prior years purchases, based on (OrigR – NewR)*input tax x n/10.
- Disposal test for CGS if asset sold below mkt value –repay input-output diff (rarely applied unless abusive]
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