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nosha123

Vat On New Builds (Currently Zero Rated)

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we are about 3 months from completion of our new home and are going to wait until completion before putting in our vat reclaim (all new builds are zero rated so you save all the receipts and send them in along with your application and get a rebate on all materials purchased). but I was worried that with all these cost cutting exercises the new government are doing - they might change the rules before we can get it in!

We could stand to lose a lot of money - and be lumbered with credit card bills and loans we were hoping would be paid off with the reclaim.

I know that the LibDems had it as one of their policies - to increase vat on new builds and then reduce it on renovations - what do you think in your opinion might happen. And when do you think they would bring it in....

Interested in your thoughts

would appreciate your opinion!

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If you're buying from a developer, you won't have to claim VAT as it isn't charged. Are you building your own home (and talking about reclaiming the VAT off all receipts)?

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If you're buying from a developer, you won't have to claim VAT as it isn't charged. Are you building your own home (and talking about reclaiming the VAT off all receipts)?

good of him to wait around for a reply eh.

VAT changes are usually done at a point in time, so expenses incurred prior to the change would be claimed back under the old rules.

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  • 144 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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