Legal > VAT in property and construction
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Residential and charitable property VAT
26 May 2009
The basic position for most property transactions, such as the sale or leasing of a building, is that the supply is VAT-exempt resulting in a situation where no...
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Construction services VAT
26 May 2009
Construction services are VAT standard-rated at 17.5% unless they can be treated at either the zero or 5% rate of VAT.
Summary
This section intends to help you avoid the costly and common pitfalls surrounding the complex area of VAT and its applicable rates. VAT for Property & Construction, aimed primarily at the quantity surveyor, is a practical case based guide that gives rapid insight into all the key legal issues, it is an invaluable first point of reference for the non-specialist.
This section is maintained by Julian Potts, of Landmark PT.
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VAT general principles
- What is VAT?
- The legislation
- The basic operation of VAT
- The main VAT charging provision
- The concept of supply
- Profit sharing agreements, partnerships and joint ventures
- Goods and services
- Taxable supplies
- Taxable person
- Multiple or compound supplies
- Are the supplies 'made in the UK'?
- Eighth VAT Directive refunds
- Thirteenth VAT Directive refunds
- Time of supply
- Valuation of supplies
- Input tax recovery
- Tax avoidance
- Insolvency
- Collection and administration
- Miscellaneous
- Local authorities and other governmental bodies
- Scottish law
- Commercial property VAT
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Residential and charitable property VAT
- Introduction
- Residential development land
- The sale and letting of residential property
- What is a 'major interest'?
- Who is the 'person constructing' the building?
- What is a building?
- What is a building 'designed as a dwelling'?
- What is a 'non-residential' building?
- What is a building used for a 'relevant residential purpose'?
- What is a building used for a 'relevant charitable purpose'?
- What is a 'substantially reconstructed protected building'?
- Change of qualifying use
- Construction services VAT