Property Development VAT
Whether you’re a building contractor, first-time developer or a seasoned pro, VAT Exchange can help to make sure you don’t pay more VAT than you need to.
We Are Always Here to Help!
We can discuss your situation free of charge and explain the main principles that apply to you. If you want written advice, then our charges begin at £77 plus VAT for the first hour’s introductory service.
And if you need more detailed advice, we can discuss further costs at that time.
So feel free to contact us – there’s no charge for asking a question!
The VAT implications of property transactions – from construction services to leases and freehold sales – are complicated, for even relatively simple developments.
Our aim is to help you minimize the overall VAT cost and manage the VAT issues with our 3 step process:
- starting with establishing the VAT liability of the final sale or rental of the new, converted or refurbished property;
- save VAT on costs with reduced or zero-rated construction services;
- claim as much VAT as possible from HMRC;
and help you to avoid unexpected VAT bills from HMRC or contractors.
Sadly, far too many people get this wrong (especially small and DIY developers) and HMRC will never tell you if you’ve made a mistake and overpaid VAT.
So if you’re planning a development and need help with the VAT issues, email me marie@vatexchange.co.uk to arrange your free, no obligation discussion.
Check out our VAT for Property Development books:
Latest from the blog:
Revised POA Notice and certain Royal Mail delivery services to become liable to VAT
HMRC has issued Revenue & Customs Brief 64/09 confirming that certain services supplied by the Royal Mail will become liable to VAT from a future date to be confirmed, following a legal challenge to the scope of the exemption in the UK. It will apply to those...
Non-EU electronic service suppliers and partial exemption for theatres
HMRC published 2 new Revenue & Customs Briefs last week concerning important VAT issues. R & C Brief 58/09 (2 October 2009) sets out HMRC's policy about non-EU suppliers of certain telecommunications, broadcasting and ISP services. It applies to businesses who...
Counting purchases as sales?
There was a really good question on the forum this week about the Place of Supply of Services (“POSS”) rules and reverse charge services. The question was how you account for reverse charge VAT if you aren’t registered for VAT. The answer is that there is no mechanism...
Contact Us
We're here to help and always happy to have a chat about your VAT needs.
Remember: the initial discussion is free, so get in touch and let's talk.