Decision details

The council and Brent Cross South (BXS) are in the process of securing the land needed to deliver the Brent Cross West Station and first phases of the BXS development. Part of the transaction is a “transfer of going concern” (TOGC) and Network Rail have already opted to tax on the land transfer area. The Council needs to Opt to Tax the land to ensure all supplies made in relation to this interest will normally be standard rated. In addition, the Council would be able to recover any VAT incurred in making those supplies

Decisions:

To approve the recommendation to opt to tax and to authorise officers to make the requisite application to HMRC