Our_Valleys_build Posted January 18, 2019 Share Posted January 18, 2019 (edited) Hi everyone, were currenlty building two dormer bungalows in south wales on the same plot of land, im sure il be asking lots of questions along the way, this site seems very usefull.. thanks in advance. Edited January 18, 2019 by Our_Valleys_build Link to comment Share on other sites More sharing options...
newhome Posted January 18, 2019 Share Posted January 18, 2019 Welcome to BuildHub. Are they both for you or your family? If not I imagine you have taken advice on the various tax implications? Link to comment Share on other sites More sharing options...
Our_Valleys_build Posted January 18, 2019 Author Share Posted January 18, 2019 2 hours ago, newhome said: Welcome to BuildHub. Are they both for you or your family? If not I imagine you have taken advice on the various tax implications? One for me and my mrs and one for my father in law Link to comment Share on other sites More sharing options...
newhome Posted January 18, 2019 Share Posted January 18, 2019 49 minutes ago, Our_Valleys_build said: One for me and my mrs and one for my father in law Ah, that's cool then. You may have to keep all of the VAT reclaim receipts separate as I don't believe you can do a reclaim for 2 properties on the one form unless you know different? In fact it might be worth you giving HMRC a ring and say that you are building 2 properties at once and ask how you need to split the invoices for the reclaim. I assume you are building the properties both at once rather than one after the other? It would seem much more efficient to order materials for both properties rather than try to order separately. Assuming you're not building on a supply and fit basis that is. Link to comment Share on other sites More sharing options...
Nickfromwales Posted January 19, 2019 Share Posted January 19, 2019 Hi and welcome from a fellow Welshman 1 Link to comment Share on other sites More sharing options...
Our_Valleys_build Posted January 21, 2019 Author Share Posted January 21, 2019 On 18/01/2019 at 18:21, newhome said: Ah, that's cool then. You may have to keep all of the VAT reclaim receipts separate as I don't believe you can do a reclaim for 2 properties on the one form unless you know different? In fact it might be worth you giving HMRC a ring and say that you are building 2 properties at once and ask how you need to split the invoices for the reclaim. I assume you are building the properties both at once rather than one after the other? It would seem much more efficient to order materials for both properties rather than try to order separately. Assuming you're not building on a supply and fit basis that is. im build one hes doing the other, yes two seperate vat reclaims we will be doing, and both building at the same time 2 Link to comment Share on other sites More sharing options...
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