VAT Property Solutions
Note: 8
Where a commercial building is retained for own use and the VAT inclusive construction or alteration costs exceed £250,000, initial VAT recovery will be as a business overhead. For VAT purposes the building is treated as a capital good. It will be necessary to monitor use of the building for the first 10 years following practical completion of the building works and further VAT adjustments may be required - Contact 4 Eyes Ltd if this is relevant.
Contact: info@4eyesltd.co.uk Telephone: Phillip Henwood - 0044 (0)7793 707 839
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