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:
Bad debt relief
Q Hi Marie I'm sure this is an easy one for you, I just wanted to confirm that VAT bad debt relief for supplies at 17.5% is calculated as 7/47 of the amount owing but when the supply is at 15% it would be 3/23? B Yes AS, you are correct, you apply the “VAT fraction”...
The Option to Tax: Revisiting the 2008 Changes
I was recently looking at the revised VAT Notice 742a Opting to Tax Land and Property and thought it would be useful to do a short series of articles explaining the background to the changes to the rules that were introduced last year and summarising the main changes....
Revised Form 64-8, New Online help for small businesses
No major VAT developments from HMRC last week. However the following may be of interest: On February 23: HMRC announced changes to the Form 64-8 for authorising your agent. These include the facility to complete and submit the form on-line. Also on February 23, HMRC...
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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.