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    Value added tax - Land and buildings - Land and existing buildings - 84545

    Most supplies relating to land are exempt, including the grant of any of the following: - an interest in or right over land; - a licence to occupy land; or - in relation to land in Scotland,...

    VAT reduced rate evidence log

    VAT reduced rate evidence logWhere you provide construction services relating to buildings, you may be able to charge the 5% reduced VAT rate if you can prove the property meets the necessary conditions.Reduced...

    Conversion or new building - dodging the standard-rate trap

    If you’re in the building trade not only do you have to contend with HMRC’s construction industry scheme (CIS) but sometimes you need to be a VAT expert too. When can you zero-rate your services...

    A VAT trick for property entrepreneurs

    Doing up a property as a buy to let can be expensive. But in some situations you can lower the cost by using tax breaks that reduce the VAT. What are these and how can you take advantage?

    How to make a 12.5% profit from the VATman

    One of our subscribers was converting an old office building into flats and asked us whether there were any top tax tips we could give her. She had done her research and was pretty clued up,...

    VAT saving on property development

    Until recently, property development was seen as a good investment. But now many developers have houses they can’t sell and have resorted to renting them out. But this can lead to a VAT trap....

    VAT on a conversion

    The buy-to-rent sector has been growing quickly over the last few years, particularly the refurbishment of existing older properties. What’s the problem with VAT here and how can you solve...

    Count your dwellings

    Count your dwellings.. Recent case. A taxpayer purchased a former pub and converted it into a residential property. Originally the pub was on the ground floor and the first and second floors...