RCB/13/21 Change in the VAT treatment of the construction self-supply chargeRevenue & Customs Brief, Issue 13. 6 October 2021Purpose of this briefThis brief confirms that, following the Supreme Court decision of 31 March 2021 in the case of Balhousie Holdings Limited [2021] UKSC 11, HMRC have revised the meaning of 'entire interest' for the purposes of the self-supply charge.Who needs to read thisYou should read this brief if you're: • an organisations within the care home, NHS or charities sector • business is engaged in property transactions which are carried out for a relevant residential or relevant charitable purposeBackgroundIn March 2013, Balhousie Care Ltd bought a care home at the zero rate of VAT. To finance the acquisition and further developments, they entered into a sale and leaseback arrangement with Target Healthcare REIT. As a result of that
Revenue & Customs Brief, Issue 13. 6 October 2021
This brief confirms that, following the Supreme Court decision of 31 March 2021 in the case of Balhousie Holdings Limited [2021] UKSC 11, HMRC have revised the meaning of 'entire interest' for the purposes of the self-supply charge.
You should read this brief if you're:
• an organisations within the care home, NHS or charities sector
• business is engaged in property transactions which are carried out for a relevant residential or relevant charitable purpose
In March 2013, Balhousie Care Ltd bought a care home at the zero rate of VAT. To finance the acquisition and further developments, they entered into a sale and leaseback arrangement with Target Healthcare REIT. As a result of that
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