We are a property developer and build our sites out. We use subcontractors and buy materials direct. We have a development site consisting of the conversion of a school building to two residential unit and the building of 3 new residential units. I am aware of the 5% VAT concession on conversions and have read in a few places that if we are charged VAT at 20% on the conversion part we cannot claim it back - is this true? Presumeably as all the end sales are zero rated we can just claim back VAT as we are charged it at either 5% or 20%?