Client is completing a major re-jigging of a property he rents out.
He owns the whole building which was split Level 1 a shop rented out and Level 2 a 2 bedroom maisonette also let out.
He has now almost completed splitting Level 2 and converting the unused attic / roof space lets call it Level 3 of the property so the revised accommodation to let now comprises
Half of Level 2 A self contained one bedroom flat to let out
And
The maisonette is now a 3 bedroomed maisonette comprising half of Level 2 and all of level 3; this maisonette will be let separately.
Would this work which has created an extra dwelling within the building be eligible for the 5% reduced rate of VAT? The builder isn't sure.
Replies (3)
Please login or register to join the discussion.
It needs a proper review of architectural drawings to ensure works are eligible for the reduced rate.