Commentary

V7.393 DIY housebuilders—definition of a 'non-residential conversion'

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.393 DIY housebuilders—definition of a 'non-residential conversion'

Part V7 Tax planning | Commentary

V7.393 DIY housebuilders—definition of a 'non-residential conversion'

In most cases, it will be very easy to identify when a conversion from a non-residential to residential property has taken place. For example, a very common example of a conversion is where an agricultural building such as a barn is converted into a house or bungalow. Equally, a commercial building such as an office, warehouse or shop may be turned into new flats.

Again, an important point to remember is that situations such as those above are only covered by the scheme if the project is for a non-business purpose. For example,

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