VAT Property Solutions
Note: 41
The first grant of a major interest in a relevant residential property is 0%. A developer will need to consider Capital Goods Scheme implications if there are any further grants made, e.g. sale of the freehold. Although exempt leases, etc can be disregarded arising from the first grant, any subsequent grant will be exempt and CGS 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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