Commentary

V4.235 Major interests—protected buildings

Part V4 Exemption, zero-rating and reduced rates

V4.235 Major interests—protected buildings

V4.235 Major interests—protected buildings

This paragraph examines the zero-rating applicable to the grant of a major interest in certain protected buildings.

VATA 1994, Sch 8, Group 6, Item 1 provides for zero-rating of the first grant by a person substantially reconstructing a protected building, of a major interest in, or in any part of, the building or its site.

The following notes to VATA 1994, Sch 8, Group 6 are relevant to this relief:

  1.  

    •     VATA 1994, Sch 8, Group 6, notes 1 and 2 provide definitions relevant to the meaning of the term 'protected building'. For the meaning of 'protected building' in this context, see V4.232C.

  2.  

    •     VATA 1994, Sch 8, Group 6, note 3 applies (subject to any appropriate modifications) the following notes of VATA 1994, Sch 8, Group 5:

  3.  
    1.  

      –     VATA 1994, Sch 8, Group 5, note 1 which sets out that the term 'grant' includes an assignment or surrender

    2.  

      –     VATA 1994, Sch 8, Group 5, note 4 which relates to the definition of relevant residential purposes (and is relevant to the meaning of 'protected building' in this context, see V4.232C)

    3.  

      –     VATA 1994, Sch 8, Group 5, note 6 which relates to the definition of relevant charitable purposes (and is relevant to the meaning of 'protected building' in this context, see V4.232C)

    4.  

      –     VATA 1994, Sch 8, Group 5, note 12 which relates to relief and the production of certificates in respect of relevant residential and relevant charitable use (and is relevant to the meaning of

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial