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Where Taxpayers and Advisers Meet

vat on agricultural shed rebuild

hellsbells
Posts:1
Joined:Fri Feb 02, 2018 2:23 pm
vat on agricultural shed rebuild

Postby hellsbells » Fri Feb 02, 2018 2:30 pm

hi.
agricultural shed is being rebuilt (has been flattened and started again, slightly bigger and better!).
Shed will be used as agricultural building mainly but rented out in summer to an events organiser (to organise parties in).

If vat is claimed on rebuild expenses, will vat have to be charged on rental?

les35
Posts:639
Joined:Wed Aug 06, 2008 3:09 pm

Re: vat on agricultural shed rebuild

Postby les35 » Fri Feb 02, 2018 8:33 pm

If you opt to tax, then you will recover input tax on rebuild, and charge VAT to events organiser.
But, probably needs a specialist to look at the details, esp of the events, to see if there is another solution. (How many days use as agricultural building, and how many days for rental?)


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