Land and buildings ― building work ― converting buildings

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note provides information on the VAT treatment of converting buildings.

For commentary on the statutory legislation and case law please refer to De Voil Indirect Tax Service V4.240 and V4.411.

Summary of the VAT treatment of converting buildings

The following table provides a summary of the VAT treatment of converting buildings located in the UK. The zero rate of VAT takes precedence over the reduced rate of VAT so if the work meets the conditions for zero-rating and reduced-rating, the zero rate of VAT applies.

VAT treatment	Overview of works covered	Further guidance
Work that meets the conditions for zero-rating.	Qualifying services and related building materials supplied to a relevant housing association in the course of carrying out a non-residential to residential conversion.	See the Property conversion work that meets the conditions for zero-rating section of this guidance note.
Work that meets the conditions for reduced-rating.	Qualifying services and related building materials supplied in the course of carrying out certain qualifying conversions (including changed number of

Access this article and thousands of others like it
free for 7 days with a trial of Tolley+™ Guidance.

TAKE A FREE TRIAL

Popular Articles

Personal Tax

Payment of the remittance basis charge

Payment of the remittance basis chargeRemittance basis chargeThe remittance basis charge is an annual charge payable by ‘long-term’ UK residents for the privilege of claiming the remittance basis.Taxpayers who wish to utilise the remittance basis (but do not qualify for it automatically) must pay

14 Jul 2020 12:52 | Produced by Tolley Read more

Value Added Tax

UK VAT invoice requirements

UK VAT invoice requirementsThis guidance note provides details of the information that must be shown on a valid tax invoice. Businesses supplying goods and services that are liable to the standard or reduced rate of VAT are required to issue a tax invoice to another VAT registered person.If the

14 Jul 2020 13:46 | Produced by Tolley Read more

Corporation Tax

Temporary differences

Temporary differencesCalculation of temporary differencesThe temporary difference arising in respect of an asset or liability is calculated by comparing the carrying value of that asset or liability with its tax base.IAS 12 uses the concept of taxable or deductible temporary differences. Whether a

14 Jul 2020 13:49 | Produced by Tolley in association with Malcolm Greenbaum Read more

UU��ֱ��