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?