Hi All - I have just received notice from P&V that there will not be renewing the lease from end of April 2017 (end of initial lease). The lease was for 9 years and then renewable for the next 11 to bring in line with the VAT relief legislation but now I assume I either have to:
- Sell and pay back 11/20ths of the VAT
- Find another company to lease it to who qualifies for the VAT relief continuing. I did pay a visit to a local estate agent earlier this year and believe they can do this.
- Keep for myself and pay back 11/20ths of the VAT.
Has anyone else received the notification or have any other information?
I have written to the P&V lease dept but nothing back as yet.
Would be good to have a few of the owners views.
Cheers,
Paul.