Limited Company VAT on New Build

[TEB]

Hi, I have seen similar post on this issue throughout the forum but hoped to get some clarification on my circumstances.

I purchased a derelict property in September 2017, demolished it in preparation for a new build. I set up a limited company with a builder friend with the intention of building the new property to be later sold. All invoices are going through the limited company.

Questions
- can I claim back VAT on materials purchased for the construction?
- will the property be sold as zero-rated VAT?

[les35]

You can claim VAT back.
Sale of a new dwelling is zero rated. Sale of a new commercial building is standard rated.
Monthly VAT returns during the building phase?