Property Developers

We receive many calls on our helpline from property developers and their advisors seeking clarification of the VAT liability of construction or conversion costs, and advice in relation to the issue of VAT recovery in respect of the costs in question.

 

Most contractors will charge VAT at the standard rate (20%) in relation to most works as a default position. Therefore, a review of the VAT liability of the works being undertaken can save your business or your client’s business a reasonable proportion of the build costs.

 

Depending on the usage of the development, the business may be able to recover a proportion or all of the VAT incurred, which will increase the profitability of the development.

 

I recommend that you or your client contacts our helpline to discuss the VAT status of development projects that are planned.

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