For VAT purposes ‘land’ includes bare land, buildings and other structures, any estate, in trust, easement, servitude or right in (including a licence to occupy) or over land1. Consequently transactions for freehold or leasehold land and the grant of licences to occupy, easements, rights of way, restrictive covenants, profits, options etc always require the practitioner to consider the impact of VAT.
The VAT legislation refers to supplies of land