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 Accounting News & Insights

Latest WW blog: Land & Property VAT - VAT recovery on conversion of pubs to houses

9th September 2013

In the current economic climate, there are an increasing number of pubs being converted to residential accommodation.  If carefully managed, conversion works can qualify for the reduced rate of VAT of 5%.  However, if the developer then goes on to sell the dwelling(s) and part of that space was previously used for residential purposes e.g. as staff living accommodation, input VAT recovery is usually blocked. Whilst the input VAT can be minimised to 5%, this still creates a VAT cost...

Read the full blog here: Land & Property VAT - VAT recovery on converstion of pubs to houses


Accounting News & Insights

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Latest WW blog: Land & Property VAT - VAT recovery on conversion of pubs to houses

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