Council/VAT/CGT etc taxes for bungalow backfill development

[Stu789]

Following fairly encouraging pre-app advice on a bungalow backfill at our existing property we are putting a full planning application together hoping to self-build next year.

 

As part of budgeting through the build I was wanting to get a handle on the various taxes we are going to deal with and associated timing.

Here is my list and thoughts to date...

 

CIL - £0 provided that exemption forms are submitted & acknowledged before work starts & at end (intending to live in the house for >3 years)

VAT - one claim within 6 months of BC sign-off (+ zero rated supplies as you go)

Council Tax - due once new build is habitable or signed off by BC?  As we will own the existing property and the new bungalow for a while does one CT get charged at a higher rate?

CGT - No CGT liability if existing property sold within 9 months of completing bungalow (Private Residence Relief), beyond that pro-rata CGT for the period beyond the 9 months based on an assumed straight line price growth from original purchase to eventual sale date

 

Have I missed anything else? (of course some of this could change come Nov budget 🙃)

 

Thanks

 

 

[nod]

Counsul Tax 

Depending on Authority 

Due as soon as you register the address Weather the house is habitable or not 

You will need to register the new address to get an electrical supply 

Hold back as long as possible 

 

 

[JohnMo]

2 hours ago, nod said:

Counsul Tax 

Depending on Authority 

Due as soon as you register the address Weather the house is habitable or not 

You will need to register the new address to get an electrical supply 

Hold back as long as possible 

We had address, and electric supply before we had foundations, so not sure that is case. The site paid it's council tax on a mobile home located on site, so the cheapest band, until house was signed off.

[nod]

20 minutes ago, JohnMo said:

We had address, and electric supply before we had foundations, so not sure that is case. The site paid its council tax on a mobile home located on site, so the cheapest band, until house was signed off.

Sorry I thought I’d said some