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:
Small Company VAT
Q This issue is regarding a small company's VAT, we have been invoicing our clients since 01/08/2007 without applying any VAT on the invoices( some of our clients are VAT registered and some are not). Today we have to pay £20,000 for the VAT, we want to know if we can...
Recovering VAT on commercial property purchases
I’ve had a number of queries recently from clients and vatexchange visitors asking for advice about recovering VAT on property purchases, particularly when the property has been acquired by someone other than the VAT registered business. Because the law on VAT and...
Wetherspoons ruling in favour of HMRC in roundings case
The ECJ has recently ruled in favour of HMRC in the Wetherspoon “roundings” case. The case concerned whether or not retailers could “round down” to the nearest penny the amount of VAT it paid on each item. HMRC believed that Wetherspoons should follow the practice set...
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Remember: the initial discussion is free, so get in touch and let's talk.