Land and Property

“The art of taxation consists in so plucking the goose as to get the most feathers with the least hissing.”
Jean Baptist Colbert, attributed

One of the most notoriously complex areas of VAT, yet one of the areas where, if managed carefully, the potential for VAT savings is enormous.

Planning a new building project or entering into a commercial property purchase is a particularly complicated process even before you take into consideration the cost and VAT implications where many issues can arise:

• Does the property carry an option to tax?
• Can the property be transferred as a going concern removing the VAT charge?
• Do you need to consider its inclusion as a Capital Goods Scheme Item?
• What is the scope for the alteration works to my listed property to be zero-rated?
• Will the renovation of my property be eligible for the reduced rate of 5%?

"Allison gave practical, detailed advice which set the builder’s mind at ease and which resulted in a saving to us of many thousands of pounds.  Her responses were prompt and she did not fail to provide clear answers, even when the builder asked quite convoluted questions as time passed”

The VAT Consultancy are now partners with
Project Book, The UK's premier resource centre
for period and listed building projects