PN/15/96 Creation of dwellings and other accommodation by conversionPress Notice 15/96. 13 March 1996Since 21 July 1994 residential conversions have been effectively free of VAT by one of three methods— — zero-rated on the grant of a major interest by a VAT registered company; — the supply of zero-rated goods and services in the course of conversion to a Registered Housing Association; — 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
Press Notice 15/96. 13 March 1996
Since 21 July 1994 residential conversions have been effectively free of VAT by one of three methods—
— zero-rated on the grant of a major interest by a VAT registered company;
— the supply of zero-rated goods and services in the course of conversion to a Registered Housing Association;
— 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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