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Financial
Services > Mortgages
> Self-Build
>VAT Self-Build Scheme
VAT will be added
to the cost of all
building materials
and labour. Customs
& Excise administer
the "self-build"
VAT scheme and under
this scheme any
new property built
as a private dwelling
for your own occupation
is zero-rated for
VAT purposes. This
means that the labour
does not carry a
VAT charge and any
VAT paid on building
materials can be
reclaimed.
VAT can be claimed back on all building materials and permanent
fixtures such as roof tiles, bricks, doors and windows but not
on removable items such as electrical appliances, carpets and
curtains. VAT on professional services such as those provided
by architects and solicitors cannot be reclaimed. VAT must be
claimed no later than three months after you have received a completion
certificate from the Building Control Office. You must make sure
that you retain all your VAT invoices to enable you to support
your claim. Perhaps consider setting up a new credit
card account through which to purchase all your building
supplies, particularly as many of the top lenders are currently
offering special rates.
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