V16.938 VAT—Partial Exemption – VAT Adjustments When House Builders Let Their Dwellings Before Selling Them | Part V16 Forms Other Hmrc Material | De Voil Indirect Taxes

Home / De-Voil / Part V16 Forms and other HMRC material / Division V16.5 Information Sheets / Information Sheets / V16.938 VAT—partial exemption – VAT adjustments when house builders let their dwellings before selling them

Commentary

V16.938 VAT—partial exemption – VAT adjustments when house builders let their dwellings before selling them

Part V16 Forms and other HMRC material

Information Sheet 7/08, September 2008

1 Introduction

Who should read this information sheet?

This information sheet will be of interest to house builders and their advisers.

What is this information sheet about?

This information sheet sets out HM Revenue & Customs (HMRC) policy on the VAT implications when house builders decide to temporarily let their dwellings before selling them. Key points to note are:

��
—�� If you temporarily let a dwelling before selling it then you may affect the VAT you can recover on your costs.
��
—�� Many house builders who temporarily let a dwelling will not be affected but you need to check this to avoid making VAT mistakes.
��
—�� There is an easy way to

View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial

TAKE A FREE TRIAL

V3.193B Place of supply of services—special rule—broadcasting, telecommunications and electronically supplied services ('BTE services') supplied to non-taxable persons

UU��ֱ��