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:
Revoking Options to Tax
Blogs are normally for talking about stuff and not technical information. But ever since I set up www.vatexchange.co.uk, I keep blogging about how important it is to plan ahead for VAT with any property transactions and sometimes I think it's a useful way of reminding...
council and tax evasion?
Q: Hello Can anybody help me, As my house was under compulsory purchase order the council asked me if I wanted to buy one property owned by them. I accepted. The property needed refurbishment. Actual work took 12 weeks approx. but I was able to move in only 13 months...
Why every accountant needs to know about VAT Notice 742A
Last month HMRC issued an updated version of VAT Notice 742A: Opting to Tax Land and Buildings here http://tinyurl.com/ckzyhk. It contains HMRC's guidance about the law relating to the option to tax, as well as advice on various practical issues, such as submitting...
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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.