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Farm Building and Infrastructure
Rural Diversification
Holiday Let
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<blockquote data-quote="scavinge" data-source="post: 7628240" data-attributes="member: 3891"><p>Interesting reading I am hoping to AirBNB and retain some control when mine is complete. Talking about VAT, I am doing a three bed self build holiday let near to the farm and as i understand it you can only claim the VAT back if you live in the property afterwards. HMRC are likley to want the VAT back if they realise i am not living in it. Self build for letting seems to be caught in a tricky unjust situation with the VAT.</p><p> I am keeping it separate from the farm business so I don't have to charge VAT when letting, but paying the VAT on the build which is currently 75% complete is killing me financally. Tempted to move in for a few years to reclaim the VAT but personal circumstances makes that a difficult prospect.</p></blockquote><p></p>
[QUOTE="scavinge, post: 7628240, member: 3891"] Interesting reading I am hoping to AirBNB and retain some control when mine is complete. Talking about VAT, I am doing a three bed self build holiday let near to the farm and as i understand it you can only claim the VAT back if you live in the property afterwards. HMRC are likley to want the VAT back if they realise i am not living in it. Self build for letting seems to be caught in a tricky unjust situation with the VAT. I am keeping it separate from the farm business so I don't have to charge VAT when letting, but paying the VAT on the build which is currently 75% complete is killing me financally. Tempted to move in for a few years to reclaim the VAT but personal circumstances makes that a difficult prospect. [/QUOTE]
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