VAT Property Solutions
Note: 34
Where a relevant residential or a relevant charitable building is converted to an alternative commercial use within 10 years of construction, HMRC may operate a VAT claw-back on the initial 0% construction. Contact 4 Eyes Ltd if this is relevant. With effect from 21 March 2007, HMRC will not operate the clawback on a change of use from relevant charitable use to commercial use providing that at the time the 0% relief was obtained there was no intention to change the building to commercial use.
Contact: info@4eyesltd.co.uk Telephone: Phillip Henwood - 0044 (0)7793 707 839
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