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:
Nature of VAT
Q: What are the main differences between VAT and GST ? A: I’m not sure that I can give you a detailed reply to your question as I am not an expert on GST and can only comment on what I understand to be the main differences. Also we have to be a bit careful about...
VAT on Sales
Q: We have just set up a new company. We have ticket sales (for an event) of 15,000GBP (gross). How much VAT will be payable to HMRC at 15% VAT? A: Hi I’m assuming that the company is registered for VAT and that the event is a taxable event. There are some exemptions...
Change to Intrastat Thresholds
HMRC have published a Revenue & Customs Brief here http://www.hmrc.gov.uk/briefs/brief6108.htm confirming the new Intrastat Thresholds that come into effect on 1 January 2009. The new exemption threshold for Intrastat is £270,000 and the delivery terms threshold...
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.