VAT Question of The Week: Selling Land with Civil Engineering Works
VAT Question of The Week: Selling Land with Civil Engineering Works | 12th November 2020
My client is a VAT registered builder who purchased bare land for £260,000 inclusive of VAT, with the intention to construct new dwellings and sell the freehold interest.
He has incurred and recovered input tax on acquiring the land, professional fees, and planning costs. Construction of the dwellings has not commenced but civil engineering works have been completed, which include the pipework for gas, water and electricity and an access road to the site. He is now looking to sell these serviced plots to another developer.
Will the sale be a zero-rated supply of partly constructed dwellings? Click here to find out more: https://bit.ly/32EMs4h