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Where Taxpayers and Advisers Meet

vat reclaim on new home for employed

EAMON L
Posts:1
Joined:Wed Aug 06, 2008 3:06 pm

Postby EAMON L » Sat Nov 01, 2003 7:43 am

I am employed so have no need to complete a VAT return. So what is the procedure for reclaiming Vat on permanent fixtures & Fittings for my new home. (i.e. names of forms to be completed & timescale).

Ian McTernan CTA
Posts:1232
Joined:Wed Aug 06, 2008 3:02 pm
Location:Bedford
Contact:

Postby Ian McTernan CTA » Sun Nov 02, 2003 5:50 am

None that I know of. Usually you can register for VAT if you are self-building a new home and then you can reclaim VAT spent on materials, etc., but there is no relief that I know of for permanent fixtures and fittings when buying a house.

Sorry to disappoint you!

Ian McTernan CTA
McTernan Associates Ltd
ian@imcternan.com
McTernan Associates Ltd
Chartered Tax Advisers
Bedford
Email through link on website:
http://www.imcternan.com

paultaylor@vatease.c
Posts:397
Joined:Wed Aug 06, 2008 3:02 pm

Postby paultaylor@vatease.c » Mon Nov 03, 2003 1:43 am

If you have built a new house from scratch (or converted a previously commercial building into a residential one) you can reclaim VAT on certain materials and services, including some fixtures and fittings incorporated into the building. This can be done on via the DIY builders Scheme. You can order a Scheme pack from Customs on their national advice line, 0845 010 9000.

In general though, VAT is not reclaimable on anything unless it is for use in a VAT registered business.

Regards

Paul Taylor
http://www.vatease.co.uk/


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