Understanding VAT for Self-Building

The podcast discusses the implications of VAT when creating a new dwelling and emphasizes that such projects should generally be VAT exempt or zero-rated. It is crucial for self-builders to engage with VAT specialists from the beginning of their projects to determine the most beneficial approach to VAT. This proactive engagement not only ensures compliance but also helps save significant costs, as many people overlook vital steps that can lead to financial loss. The conversation highlights the importance of having clarity around VAT treatment before starting construction to avoid mistakes that can be costly in the long run.