Cash in on residential conversion
Series: Estates Gazette ; (0448) 27 November 2004, 130(1)Publication details: 2004Subject(s): Summary: Alerts developers and others to the introduction in the 2001 budget of a 5% reduction to the standard rate of VAT for a wide range of residential conversions and renovations. Irrecoverable VAT can be a significant cost consideration in deciding whether a development is financially viable or not. Looks at the three categories of qualifying conversions and also the range of goods and services covered. Concludes that the principles of the reduced reliefs are relatively straightforward but the legislation covering this area is complex and imposes conditions and exceptions that must be considered.| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68582 (Browse shelf(Opens below)) | 1 | Available | 128282-1001 |
Alerts developers and others to the introduction in the 2001 budget of a 5% reduction to the standard rate of VAT for a wide range of residential conversions and renovations. Irrecoverable VAT can be a significant cost consideration in deciding whether a development is financially viable or not. Looks at the three categories of qualifying conversions and also the range of goods and services covered. Concludes that the principles of the reduced reliefs are relatively straightforward but the legislation covering this area is complex and imposes conditions and exceptions that must be considered.