A new feature for managing non-recoverable VAT is now available.

This feature is particularly useful for mixed-use buildings, but also for any asset where not all tenants are subject to VAT.

This functionality makes it possible to manage a non-recoverable VAT proration at building level and to display a non-recoverable VAT line in the cash flow, calculated on both operating expenses and capex.

The VAT rate applied is determined according to the following rules:

By default, the building VAT rate is used.
If not defined, the country VAT rate is applied.
IA specific VAT rate can also be configured for a given expense or capex type. In this case, it overrides the building or country rate.

The application (or not) of the non-recoverable VAT proration on expenses and works depends on the units to which they are linked, regardless of the calculation method selected:

Only non-VAT-opted units: no NR VAT impact
Only VAT-opted units: 100% of VAT treated as non-recoverable
Mixed units (VAT-opted / non-opted): non-recoverable VAT calculated on a prorated basis

Release Note December 2025