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:
Reversion of VAT rate to 17.5%; Option to tax property; Compliance checks and errors
On 13 August 2009, HMRC issued new detailed guidance about the reversion in the standard rate of VAT to 17.5%, as well as details of the anti-forestalling legislation. HMRC issued Revenue & Customs Brief 51/09 and VAT Information Sheet 14/09 to replace the...
New DIY Housebuilders forms
Two new claim forms have been issued for DIY homebuilders who want to recover VAT on building materials. From 15 August 2009, homebuilders who are constructing brand new homes will be required to use form 11A, whilst those who are converting existing buildings are...
Double checking basic VAT information
I had a bit of an embarrassing situation recently which reminded me about the importance of double checking basic VAT information. I was at a meeting with an accountant and we were discussing various problems he had discovered at a new clients in advance of a VAT...
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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.