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Search results: 10 article(s) found in topic: Property - keyword: Building costs

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Andrew Reeves v HMRC [2016] UKFTT 195 (TC). DIY Housebuilders Scheme


DIY housebuilders - watch out for penalties!

If you’re building your own house and claiming the VAT back from HMRC beware of making any errors in the claim or it could result in a penalty. What should you watch out for? More...


Build a house, then live in it

What’s the VAT recovery position when you start a building project and then decide to live in the property yourself? What will HMRC allow and will you need to join a scheme? More...


Jack Wilson v Revenue & Customs [2014] UKFTT 320 (TC). DIY Homebuilders’ scheme


Reduce your building costs by 15%

If you’re converting existing commercial property into residential accommodation, there’s a perfectly legal way of reducing the VAT rate you pay. How can you take advantage? More...


Zero-rating the sale of a part-built house

If you start construction on a housing project but don’t have the funds to complete it, what happens to the VAT. If you decide to sell the part-built houses, can the sale be zero-rated? More...


The new house that won’t sell

You’ve heard about a construction firm that’s just built a small estate of ten houses but only sold three. It intends to rent out the rest until the economy improves. Will this affect the VAT reclaimed? More...
Last updated: 27.03.2020

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