I'm sure its been done before but I'm a bit confused.
What element of VAT are you able to claim back and what is not?
What element of VAT are you able to claim back and what is not?
Barn Conversionand VAT?
- Thread starter SilliamWhale
- Start date
I believe there were some changes 2-3 years ago...? Possibly on usage of the build post completion??
VAT helpline has been helpful in the past I found, else ask your accountant.
Mine was not a conversion but a rebuilt/refurb farmhouse, and I claimed the lot. TYhe VAT people asked the question, why the VAT claims were so high for a 12 month period and my accountant simply wrote and told them it was because of building works.
I didn't think you could claim for refurbishment.
I know you can for a new build.
Did you just claim on builders fees or on materials as well?
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Everything.
It was a few years ago mind... I took advice beforehand from an Accountant who really understood the vagaries and peculiarities, especially relating to Agriculture.
I remember in 2010 I filled in a form and got all the VAT back on a conversion. But not sure if rules have changed or what...
I just claimed the VAT back through the quarterly returns.... or rather my accountant did as I had started having them do the VAT at the time.
farmerm
Member
- Location
- Shropshire
Frankly if the tax system has vagaries and peculiarities the judgement should always fall in favour of the tax payer not the states, the states inability to create clear and comprehensive legislation created the vagaries and peculiarities!
Claim a VAT refund for a conversion if you're a DIY housebuilder
Use the online service or VAT431C form to reclaim VAT, if you're a DIY housebuilder converting an existing building into a dwelling.
I suppose this tells me all I need to know? Still feels a bit grey
- Location
- Somerset
Depends on what the use is as to how much you can claim back. Should be looking at reduced rate too. Really is one to take advice on.
Nearly
Member
- Location
- North of York
0% on self build - reclaim at the end.
Our cottage conversions were 5% to pay but I think we could have gone with claiming it all back if it had been invoiced correctly.
Next one (biggest) will be a self build.
@Forever Fendt
Our cottage conversions were 5% to pay but I think we could have gone with claiming it all back if it had been invoiced correctly.
Next one (biggest) will be a self build.
@Forever Fendt
Dwelling not a business/ holiday let
- Location
- Somerset
For you to live in? Or someone else?
- Location
- Somerset
DIY VAT reclaim would be the route to go down then, using the form above. One claim at the end, reclaim all the VAT and keep everything separate from the farm business.
Make absolutely certain that contractors are using the correct VAT rate, as if they charge 20% when it should be 5% you will only get 5% out of HMRC and will need to get the rest back from your contractor.
Yes good tip to keep an eye on, thanks.
- Tags
- fendt