WhiteRabbit

Hi Does anybody have any recommendations for renderers in Gloucestershire? On the final 1/4 mile of our full reno now and need the front of the house to look as nice as the inside! Thanks

Hi i am converting a property that was part residential part commercial into a single residential property and have a question about how building regs will apply. Currently between the residential half and the commercial half there is a corridor that doesn’t meet regs - 700mm wide - the corridor is half on one side and half on the other. will this pass muster when the renovation/conversion is done do you think? my thinking is that as it is an existing structure it would pass and particularly as it is that thin in the residential part that isn’t being converted. I’d appreciate any thoughts!

Thanks all. Confirmation, I think, that I need to get professional advice. The irony, as always, with professional advice is that you have to educate yourself enough in the discipline in question to be able to ask the right questions and to properly understand the advice you receive.

Hi All We acquired a property that was part commercial and part residential and subsequently had permission to change use to full residential on all parts of the property. We are planning on renovating the whole property to live in as one family house for 10 years or so. We are also considering using part of the property as an ad hoc airbnb style rental over the course of those 10 years or perhaps as a normal long term rental property if the airbnb model becomes too arduous. Now we're busy trying to work out the most efficient way of conducting the reno so we pay as little tax as possible over the course of the process but also have a keen eye on minimising any CGT we may become liable for when we final come to sell. The property itself will likely double in value from the initial purchase price due to the extensive renovations we are planning so if CGT becomes due it might wipe out any potential profit from renting out any part of it. My questions are these.. The reno should qualify for 5% VAT rate due to the building having stood empty for more than 2 years but as I plan to do a lot of the work myself I see that claiming back the VAT on materials will be either difficult or not possible at all. I do, however, have a VAT registered Ltd company myself (IT services though and not construction) so would it be possible for that company to become my contractor and supply the materials, and hire me out to do the fit thereby enabling me to claim the 15% VAT back? Is this a possibility? Or is there a better way? The other main concern is CGT. Is there any way to avoid falling into a CGT trap whereby the end profit made will become liable for tax because a part of the house has been used as a rental property? The CIL I think I have a handle on as we have been told that if we live in the property for 3 years we will be exempt but is there any danger given the above scenario that we might find ourselves liable? Lastly, and failing any clear cut answers to the above can anyone reccomend any property tax advisers that might be able to work with me on this? Many thanks!