Commentary

V7.396 Buildings that are partly commercial and partly residential

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.396 Buildings that are partly commercial and partly residential

Part V7 Tax planning | Commentary

V7.396 Buildings that are partly commercial and partly residential

What happens if a building that was partly residential and partly non-residential is converted into a residential building?

HMRC now accept that, for the purposes of the DIY scheme, the conversion of a building that contains both a residential part and a non-residential part comes within the scope of the scheme so long as the conversion results in an additional dwelling being created. It is no longer necessary for the additional dwelling to be created exclusively from the non-residential part. However, VAT recovery is restricted to the conversion of the non-residential part

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