Land and buildings ― building work ― converting buildings

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note provides information on the VAT treatment of converting buildings.

For commentary on the statutory legislation and case law please refer to De Voil Indirect Tax Service V4.240 and V4.411.

Summary of the VAT treatment of converting buildings

The following table provides a summary of the VAT treatment of converting buildings located in the UK. The zero rate of VAT takes precedence over the reduced rate of VAT so if the work meets the conditions for zero-rating and reduced-rating, the zero rate of VAT applies.

VAT treatment	Overview of works covered	Further guidance
Work that meets the conditions for zero-rating.	Qualifying services and related building materials supplied to a relevant housing association in the course of carrying out a non-residential to residential conversion.	See the Property conversion work that meets the conditions for zero-rating section of this guidance note.
Work that meets the conditions for reduced-rating.	Qualifying services and related building materials supplied in the course of carrying out certain qualifying conversions (including changed number of

Continue reading

To read the full Guidance note, register for a free trial of Tolley+™

TAKE A FREE TRIAL

Popular Articles

Owner-Managed Businesses

Allowable expenses for property businesses

Allowable expenses for property businessesGeneral itemsMany of the principles applying to allowable expenses for property businesses are similar to those that apply for trading and the rules for individuals in a property business are generally the same as for companies with some exceptions which are

14 Jul 2020 13:26 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax Read more

Tax Returns

Owner-Managed Businesses

First year allowances

First year allowancesFirst year allowances (FYAs) are available on the following items:•first-year relief on qualifying new main rate plant and machinery (at 100%, which is described by HMRC as ‘full expensing’) and special rate assets (at 50%) from 1 April 2023 (companies only). These FYAs were

14 Jul 2020 11:41 | Produced by Tolley Read more

Trusts and Inheritance Tax

Corrections and amendments to the IHT account

Corrections and amendments to the IHT accountThis guidance note explains how to deal with changes to the taxable values in the original inheritance tax account.Why do amendments arise?When the IHT account is first submitted to HMRC, it is based on information available at an early stage of the

14 Jul 2020 11:20 | Produced by Tolley Read more

��Ӱ��