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:
Option to tax land and buildings
HMRC has issued VAT Information Sheet 12/09 which contains information about detailed changes to the option to tax which take effect on 1 August 2009. They include changes to the following: relevant associate rules real estate elections revoking options after 20 years...
VAT receipts and more lousy weather
Well I’m certainly no economist but looking at the recently published annual report from HMRC I can see why we’re in a financial mess. During 2008/9 receipts of income tax, VAT and corporation tax – the three highest sources of government of revenue – are down from...
Retail Pricing
Q: My University runs a Leisure Centre that is not open to the general public. Instead it offers memberships to staff, students, selected businesses & local community groups. We believe that the staff & student memberships are exempt from VAT and the other...
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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.