House Planning Help Podcast
HPH340: How to reclaim VAT on a self build or conversion - with Andrew Jones
Dec 8, 2023
Andrew Jones, VAT expert for self build and conversions, explains how to reclaim VAT on a self build or conversion project. Topics covered include qualification criteria, reclaiming process, DIY vs seeking help, understanding VAT on new builds vs renovations, and recent changes to the VAT reclamation process.
50:00
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Quick takeaways
- Determining whether your project is a new build or a conversion is crucial for reclaiming VAT at the appropriate rate.
- Keeping invoices in your name personally and in good condition is essential for successfully reclaiming VAT on a self build or conversion.
Deep dives
Qualifying for the VAT Reclaim Scheme
To qualify for the VAT reclaim scheme, it's important to determine whether your project is a new build or a conversion. New builds are zero-rated for VAT, while conversions are subject to a reduced rate of 5%. It's crucial to understand which category your project falls under to ensure you make the appropriate VAT claims.
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