VAT changes on listed buildings

Published:  28 September, 2012

LONDON: Alterations to listed buildings will cease to be eligible for "zero-rating" from 1 October. HM Revenue and Customs has published guidance on the new rules.

"Anyone carrying out alterations to listed buildings should consider the new rules carefully, as there are concessions for planning consents applied for before 21 March 2012 or where written contracts were entered into before this date," says Jonathan Legg at law firm Mishcon de Reya.

"In terms of mitigating the effect of the new rules, consideration should always be given to whether any work is creating an "annexe", which may in certain circumstances still qualify for zero-rating.

"Further, it should be noted that a 30m fund has been made available for alterations to listed churches to alleviate the effect of the new rules," he says.

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