What's the latest guidance on VAT for property renovations on a commercial-to-residential conversion? Can I reclaim VAT on materials and labour, and what specific conditions or schemes should I explore?
Quick Answer
VAT on commercial-to-residential conversions has specific rules, allowing for reduced rates or zero-rating on some works, enabling reclamation on costs if strict conditions are met.
About This Topic
Understand VAT on UK commercial-to-residential conversions. Learn to reclaim VAT on materials/labour with 5% or zero-rated schemes for new dwellings, saving thousands. Consult HMRC Notice 708 and specialists.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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