The sale of an existing building (that is, not a new building) which is a dwelling or is used for a qualifying residential purpose or qualifying charitable purpose is generally exempt from value added tax (VAT)1. However, zero-rating may apply if the property:
(1) has been empty for ten years or more and has just been renovated;
(2) has just been converted from a non-residential building;
(3) is a protected building and has undergone a substantial reconstruction; or
(4) is a first grant of a major interest (that is, the freehold or a lease if over 21 years) in
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