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Tax – VAT

DIY builder – ‘dwelling’

The DIY builder scheme allows the refunding of VAT if the building is ‘designed as a dwelling’.

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Dwelling – more than one building

HMRC has changed its policy on VAT treatment of dwellings created from more than one building.

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Conversion – residential

Conversion of non-residential space into residential space can be zero-rated (thus allowing the developer to reclaim VAT on expenditure, but not have to charge VAT on sale). Zero-rating applies to the first grant of a freehold or leasehold (over 21 years) interest on the conversion of a non-residential building or a non-residential part of a building into a dwelling or a number of dwellings. Two points to note:
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Conversion – ‘non-residential’

The conversion of a ‘non-residential part of a building’ into residential use may well attract zero rating. But, there are conflicting decisions.
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DIY scheme – planning condition

 A self-builder of a dwelling is entitled to a refund of any VAT. But, this only applies ‘if the separate use or disposal of the dwelling is not prohibited by the term of any covenant, statutory planning consent or similar provision’.

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VAT groups – TOGCs

The general rule used to be that you ignore what happens inside a VAT group and pretend it does not happen. This explains why a letting to a group company inside the same VAT group was not enough to give you a transfer of a going concern (TOGC) and the advantages that flow from it.

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Conversion – ‘non-residential’

The conversion of a ‘non-residential part of a building’ into residential use will usually attract zero rating. But, a recent case shows that it might not be so straightforward if the premises are mixed use.
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Phased development – original building?

Building developments are often phased. When that happens, it is important to consider the VAT consequences of the phasing, because it may inadvertently lead to the loss of VAT zero-rating.

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TOGC – ‘genuine’?

TOCG relief has recently been denied because the property structure set-up was not ‘genuine’.

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Lease surrender – L’s premium

What is the VAT position if L pays T to surrender the lease? The answer is that no VAT will have to be paid by L – unless T has exercised the option to tax.

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