Rollover or Reinvestment Relief available?

Rollover or Reinvestment Relief available?

Didn't find your answer?

Original question was meant to be - can my husband and I claim rollover or reinvestment relief (?) upon sale of our restaurant in last tax year against the build of a furnished holiday let on adjoining plot of land which we already owned?

In addition, can we reclaim VAT on build costs and would rental income then become Vatable?

I know we need to speak to our accountant but it would be nice to have some base awareness of what can be done following the usual source of simplistic advice from man in pub!
marie

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By User deleted
15th Dec 2007 15:02

VAT advice
Without wishing to hijack Marie's question, I have a client who also intends to build a holiday cottage and wants to know if VAT can be reclaimed on materials etc and following on does VAT then have to be charged on rentals?

Am currently spending my Saturday pm reading VAT notice 708 but if any helpful souls out there would like to offer up a few words of wisdom then PLEASE do!!

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