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.
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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!