Shopping Cart -

Your cart is currently empty.
Continue Shopping
This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
Pocketmags Digital Magazines
   You are currently viewing the Canada version of the site.
Would you like to switch to your local site?
Digital Subscriptions > Build It > Aug 2017 > How to reclaim VAT for conversion projects

How to reclaim VAT for conversion projects

You can recover money from the tax man, but you only get one chance to submit a claim. Tim Doherty explains how to make a successful application

One of the ways that the government is trying to encourage people to selfbuild is to allow them to reclaim the VAT paid on materials once the scheme is finished (and not pay it on labour in the first place).

But extensions and renovations to existing houses do not have the same incentives, meaning the VAT must be charged and paid by the homeowner to builders and merchants.

However, conversion schemes come under their own category as they fall somewhere between new build and renovation. In practice, they have been put in the same bracket as self-builds, so you should be able to recover some VAT paid to the supply chain for eligible labour and materials. But the tricky thing is making sure you submit the right details within the right timeframe, as very specific rules have to be followed – here’s what you need to know.

Purchase options below
Find the complete article and many more in this issue of Build It - Aug 2017
If you own the issue, Login to read the full article now.
Single Issue - Aug 2017
Or 399 points
Annual Digital Subscription
Only $ 3.00 per issue
Or 3599 points

View Issues

About Build It

The August edition of Build It magazine brings you all the inspiration & practical advice you need to complete your home building project on time and on budget, including: • A stunning self-build on a countryside plot (page 20) • 10 way to maximise light and space (page 62) • 7 lightweight cladding options (page 67) • Find out whether triple glazing makes sense (page 79) • How to rewire a period property (page 119) • Discover how to find land with real potential (page 123) … and more!