Commentary

RCB/44/08 VAT—partial exemption – VAT adjustments when house builders let their dwellings before selling them

Part V16 Forms and other HMRC material

RCB/44/08 VAT—partial exemption – VAT adjustments when house builders let their dwellings before selling them

RCB/44/08 VAT—partial exemption – VAT adjustments when house builders let their dwellings before selling them

Revenue & Customs Brief, Issue 44. 16 September 2008

We have published an Information Sheet 7/08 which provides guidance, including worked examples, on the VAT implications when house builders decide to temporarily let their dwellings before selling them.

This Information Sheet is in response to recent enquiries from the house building sector and takes account of the High Court decision in the joined cases of Curtis Henderson and Briararch [1992] STC 732 which arose in the early 1990s. The key points to which the Information Sheet refers

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