I act for an individual who has inherited a derelict property which he wishes to demolish and replace with a new house which, on completion, he will rent out as a private residence. I understand that most of the building cost would normally be zero rated but I would like to confirm that the fact that the property will remain in my client's ownership as an investment will not jeapordise the zero rated status of the build.
1st Dec 2021
VAT on the development of a residential property
Client has inherited a derelict property which he wishes to demolish and build a new house to rent.
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