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Where Taxpayers and Advisers Meet

Personal income tax relief on building works

Joined:Tue Jan 03, 2023 4:16 pm
Personal income tax relief on building works

Postby iftg » Thu Jun 22, 2023 11:04 pm

I am considering buying a house, demolishing it and building a new one on the same plot. The house is to be used as residence. Will I be eligible to any personal income tax relief? If so, how does it apply and where can I read more about it?

Joined:Sat Feb 01, 2014 3:26 pm

Re: Personal income tax relief on building works

Postby bd6759 » Fri Jun 23, 2023 9:51 am

Simple answer is no. There are no income tax reliefs for buying a house.

You may be eligible for the reduced VAT rate.

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