Article Database
Search results: 10 article(s) found in topic: Property - keyword: Building costs
relevancePENALTIES
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?
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VAT CASES
Sportech & others v Revenue & Customs [2014] UKUT 0398 (TCC). Spot the ball - a game of chance?
VAT CASES
Lady Henrietta Pearson v Revenue & Customs [2014] UKFTT 890 (TC). DIY housebuilders scheme
PROPERTY
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?
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VAT CASES
Dawn Owens t/a Bizar Hair Salon v HMRC [2014] UKFTT 415 (TC). Hairdresser liable to registration
PROPERTY
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?
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PROPERTY
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?
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CONSTRUCTION
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?
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