markaellis

thanks all for the comments to date; i agree entirely that i need professional advice. I am seeing a tax advisor tomorrow but the above helps me to structure the questions to ensure all are covered off. i suspect that a Ltd co will be the end route but will comment later on the advice i receive; just not necessarily that easy as they are unlikely to be an expert in all areas - for example possibly needing to register for CIS.

Hi; new to the hub and my first post. we are buying a plot of land to put a new house on; we will project manage only - not getting involved in the actual build. The hope is to then sell - at a profit. Our understanding is that VAT reclaim is only for a self build you intend on living in - so our costs would increase substantially. First question is whether contractors would still zero rate their invoices - so it's not quite as bad as it could be? but is there a better way to set up - ie start up a VAT registered Ltd co; in which case could we reclaim VAT and the end supply (sale of house) remains zero rated. anyone with experience to suggest the optimal route please?