Property investment glossary

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%.

Void Period

Void periods are the time periods in which properties stand empty. They often occur between different tenancies.

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