The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the VAT treatment of non-residential buildings that are converted into residential buildings.
The supply can only be zero-rated if all of these conditions are satisfied:
If the building meets the following conditions, the conversion may be liable to VAT at the zero rate if either:
See the Definition of dwelling, relevant residential and relevant charitable purpose guidance note for more information on what properties would be viewed as dwellings.
The sale or the long lease of the property that is designed as a dwelling cannot be zero-rated if the person acquiring the interest is not entitled to:
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