VAT and Property

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VAT and Property provides a comprehensive guide to VAT as it affects property construction, development and investment, and all other transactions concerning land and buildings. VAT and Property will prove invaluable both to firms of chartered surveyors and practitioners dealing in this area.

Issue 90, February 2024

Note to customers
In addition to general updating please note commentary on the following cases have been included:
  • Impact Contracting Solutions Ltd v Revenue & Customs Comrs [2023] UKUT 215 (TCC) (VAT registration), see [1.6]

  • Spani v Revenue & Customs Comrs [2023] UKFTT 727 (TC) (DIY builder), see [3.38]

  • Realreed Ltd v Revenue & Customs Comrs [2023] UKFTT 1042 (TC) (Supplies of serviced apartments), see [9.6]

  • The following updates have been included:
  • Developments in HMRC guidance to 31 December 2023 in relation to the VAT treatment of land and buildings, including the option to submit DIY builder or converter claims to HMRC online.

  • Chapter 7 (Building work) refers to the statutory extension to the VAT relief for installing energy-saving materials in certain buildings from 1 February 2024.

  • Chapter 9 (Other matters) has been substantially re-written and provides practical information on a range of topics including farming and activities in the countryside, supplies of hotel and holiday accommodation, and facilities for playing or viewing sport.