January 18, 20197 yr 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, 20197 yr by Our_Valleys_build
January 18, 20197 yr Welcome to BuildHub. Are they both for you or your family? If not I imagine you have taken advice on the various tax implications?
January 18, 20197 yr Author 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
January 18, 20197 yr 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.
January 21, 20197 yr Author 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
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