VAT savings on commercial building projects

The client

An accountant contacted us via our helpline in order to discuss a client who was converting a commercial building into residential apartments and the contractor was intending to charge VAT at the standard rate. On completion of the works, our client was intending to rent out the apartments.

Our advice

After reviewing the relevant documents, we were able to establish that the conversion works qualified for the reduced rate of VAT (5%). Investigating further, we also identified a structure that enabled our client to recover all the VAT incurred on the relevant expenditure, even though the apartments were due to be rented out.

Specialist help on VAT savings

If you are an accountant and have any clients intending to convert any building into residential dwellings (or carry out any remodelling works in existing residential buildings) - please contact us so we can advise you on possible structures designed to negate a VAT charge to your client, and confirm the VAT liability of the works.

Specialist VAT advice

Our expert team of consultants is on hand to provide advice on all aspects of VAT. Simply get in touch with us today for assistance and a free, no-obligation chat. Either call 0800 077 4604, or fill out an enquiry form and we will be in touch.

Latest Testimonials

  • "The Trustees for Methodist Church Purposes have had a close relationship with The VAT People for the past seven years as they have helped to steer us through the complex process of reclaiming overpaid VAT and successfully accomplishing our de-registration from VAT. They have been able to quickly grasp the nature of our organisation and clearly see the arguments needed to persuade HMRC of our case. The VAT People also had the persistence to continue pursuing our claim until a satisfactory outcome.

    Rob McCann has always made time to be available whenever his expertise has been required to explain the ongoing situation to our governing trustees and committees. His helpful nature and ability to understand and explain complicated areas of the law has been appreciated and valued.
    "

    Simon Kevin Speechley - May
  • "Client service is of the utmost importance to us as a firm of Accountants and Business Advisors.

    Having the ability to be able to contact David Miller for immediate advice on VAT and Customs issues ensures that we are able to deliver our efficient tax service successfully and fulfil our client's expectations, especially in circumstances when they ask for guidance on crucial matters which require a tight deadline.

    Having the ability to engage David's service to attend client's HMRC visits has proved invaluable, particularly as David's knowledge is often superior to that of the Officer in attendance!

    David also offers creative planning solutions to problems and is very proactive with advice as soon as any legislation changes are known. We could not offer the same quality of service to our clients without David and his team."

    Annette Stone, Mark Holt and Co - May
  • "Tamara was my first port of call when I needed a VAT expert. She is extremely knowledgeable, dependable, thorough and efficient. I would recommend her personally to any business needing this kind of assistance."

    Sarah Sillars OBE, CEO at Institute of Advanced Motorists, IAM - April
  • "The VAT People have been used by Cosmo Leisure for many years. We have found them to be very thorough and professional in all that they do.
    They have looked after some very complicated tax issues for us, always meeting deadlines at short notice and pursuing successful claims."

    Keith Lee, Cosmo Leisure Group - April
  • "We have used the services of the VAT people for many years and our point of contact is Steve Howard.

    We especially make use of the free help line which is marvellous.

    Steve is fantastic to deal with and he always provides speedy response, excellent answers to our queries and delivers value for money

    We would not hesitate to recommend the company and especially Steve to any of our clients or business colleagues"

    David Finlayson, Finlayson (UK) Limited - April
  • "Tamara has advised a number of our clients on VAT-related matters and her advice has always been timely and relevant. She is also willing to discuss matters on an informal basis and could not be more helpful. I recommend her and her firm whole-heartedly."

    Adam Hymes, Commercial Property Partner at Kuit Steinart Levy LLP - April
Read All Testimonials

VAT Helpline

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Our helpline is free, and you can speak to a member of The VAT People for an initial discussion about any concerns, queries or questions you may have,

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Useful Information

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Get the vital information you need quickly and easily by watching one of our guidance videos - topics include VAT assessments and penalties, VAT for charities, and maximising VAT recovery.

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