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BKL Briefings
VAT’s it all about?
To say that property is one of the more complicated areas of VAT is an understatement. What supplies are zero-rated? What’s exempt? When does the 5% rate apply? What VAT can I recover?
One area in which we’ve found that there is particular confusion is where conversion work is undertaken: a measure of how wrong you can get it is the fact that in VAT reviews we have recently undertaken for a number of property developers we have uncovered additional VAT refunds in excess of £300,000!
At this difficult time no-one can afford to pay more VAT than is absolutely necessary and every penny counts. For details of our risk-free no-win no-fee VAT review service for property developers and investors and of our other services to the property industry please email jeff.hartstone@bkl.co.uk or call him on 0208 922 9301.
