September 29, 2022

What is Transfer Of Going Concern (“TOGC”) and how it can save VAT on purchase of a property

Securing a transfer of going concern (TOGC) when purchasing a property is a good way to save money by purchasing it as a business asset. Any transaction that qualifies for TOGC avoids paying the value-added tax on that property, provided they fall within the rules of the TOGC. In this article, we’re going to find out what a transfer of going concern, also known as TOGC, is and how it can save VAT on the purchase of a property.

View details