VAT on build to let
Property Investment

Gill_545
Gill_545
0 Thanks
14 Posts
6 years ago
0

My understanding of the VAT rules is that VAT is reclaimable when you build a residence to live in but not when you build a residence to let out. Is this still the case? Was it ever? So a builder can build something and sell it VAT free to somebody who wants to let but the landlord cannot reclaim the vat on build (or convert/restore?) if their intention is to let?
I run a small business so I am aware that the VAT rules are a dog's breakfast but cannot reconcile this with the government calls for more build to rent and corporate landlords. Or is this a mechanism to maximise stamp dutytakings by forcing the repeated sale of property intended for rent?

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.