VAT on property development and refurbishment

Hi,

I am considering flattening a house I own to rebuild 2 new units.

Is there a VAT angle here?

Could I set up a development/refurbishment business, register for VAT with a view to reclaiming all the VAT on any supplies during the process. There would be no output VAT per se but this could be arranged if a de minimus amount were required.

 

 

 

 

Comments
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VAT on development

Oldmanwetmix |
Oldmanwetmix's picture

Zero rating of new construction

leshoward |
leshoward's picture

use an accountant

david5541 |