Hi.
I own some building sites with full p.p. for holiday homes.
I intend to sell these to end users, who will build their own homes.
Q,
1. If I sell such a building site, is the sale of the land subject to VAT?
2. I understand that self-builders of residential homes have a one-time opportunity to reclaim vat. Does this also apply to building a holiday home? (These are designed in compliance with building control regulations, if that makes any difference.)
I am not a business and I am not vat registered.
Thanks.
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