Commentary

PN/15/96 Creation of dwellings and other accommodation by conversion

Part V16 Forms and other HMRC material

PN/15/96 Creation of dwellings and other accommodation by conversion

PN/15/96 Creation of dwellings and other accommodation by conversion

Press Notice 15/96. 13 March 1996

Since 21 July 1994 residential conversions have been effectively free of VAT by one of three methods—

  1.  

    —     zero-rated on the grant of a major interest by a VAT registered company;

  2.  

    —     the supply of zero-rated goods and services in the course of conversion to a Registered Housing Association;

  3.  

    —     by refund of VAT to a non-business converter under the do-it-yourself VAT refund scheme.

This relief was introduced after public consultation and was intended to make the provision of new dwellings by the conversion of existing buildings

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