Forgive me, it's been a long day and the answer may be staring me in the face, but I just can't find it.
I have personally owned a commercial property for many years (it has no option to tax on it) which was rented out on a commercial basis for many years (rightfully, no VAT was ever charged on the rent and neither am I registered for VAT). A few years ago it became delapidated and the tenant moved out. I now want to completely demolish it and build a new commercial property to rent out (not to a charity), to a VAT registered business, either building it in my own personal name before renting it personally, or sell it to my limited company who would build it before renting it. It's important to me that I can claim back all the VAT on the build and builders' costs. Is this possible? If so, what is the correct method to going about this? I very much appreciate any advice.