Glossary

The world of property investment can sometimes be confusing; our Glossary is full of useful terms to help every investor, whether they are a first time landlord or a seasoned portfolio builder.


V

Value-Added Tax (VAT)


A form of consumption tax similar to Corporate Income Tax or the Personal Income Tax. As a buyer, VAT refers to the tax you pay on the purchase price of a product, but if you are a seller, it is the tax you pay on the value that you’ve added to a product or service. The current standard VAT rate stands at 20%.