If you're having a barn converted, the usual question is ‘how do I claim back the VAT?’ However, this is never a simple question in regards to barn conversions, as different scenarios give different answers. Green & Co are very experienced in this area and can help you to reduce your VAT cost significantly. Prior planning is essential to this, so we recommend seeking advice from us before undertaking the work.
With extensive knowledge of claiming back VAT on barn conversions, we can help you if:
You are not VAT registered
You might be able to reclaim the VAT under the Self Build Scheme, as long as you meet all the conditions. We will advise you on these.
You are VAT registered
We will help you to identify whether you need to be charged VAT at reduced or standard rate, and also look at the end use of the building.
We look at the following areas:
- Occupation - Is the property to be occupied by the owner or their family? Will the property be occupied by a full-time worker?
- Selling - Is there an intention to sell the property?
- Letting - Is there an intention to let the property as a holiday letting? Is there an intention to let the property on a long-term residential basis?
- Reduced rating - Does the property qualify for reduced rating?
Please contact us before you start work on your barn conversion and we will happily help you look at your VAT situation.