Rich Pen Posted October 2, 2020 Share Posted October 2, 2020 Demolishing two lock up garages and replacing with a two bedroom house.To rent out. Will any VAT be recoverable.? Link to comment Share on other sites More sharing options...
Mr Punter Posted October 2, 2020 Share Posted October 2, 2020 Not a self build? Are you VAT registered? I am about to start 3 new build flats to rent. We have a company that owns the land and will own the future flats and they will get our development company owned by us who are VAT and CIS registered to design and build for a contract. Dev company can reclaim VAT and does not need to charge it on as it is new build. I suggest you get your own advice as a mistake could be expensive. Link to comment Share on other sites More sharing options...
newhome Posted October 3, 2020 Share Posted October 3, 2020 14 hours ago, Rich Pen said: Demolishing two lock up garages and replacing with a two bedroom house.To rent out. Will any VAT be recoverable.? You can’t use the DIY Housebuilders’ reclaim scheme for this since this is only for houses you intend to live in. As @Mr Punter says you may be able to reclaim the VAT if you are VAT registered but please take professional advice. Link to comment Share on other sites More sharing options...
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