Any builders/in the building trade

[Dai]

When yu build your own house, if you live in it for set amount of time i think you can claim VAT back.

Is this true, and if so, can you do the smae for house extentions ??

Dai

[piehound]

hi dai most builders are in the building trade, lol
yep im a builder but i aint sure what your after mate , oh by the way did you sell my ugly brother some seats lol, he blew my old car up in 4 hours :cry: :cry: :cry:

pieman

[Dai]

Yeah, if you mean Geoff !! ;)

[piehound]

thats the fella , as for claiming the tax back on an extention ive never heard of it, but it dont mean it dont happen

pieman

[Robbie]

My mate did a self build and when he got issued with a completion certificate from the building inspector he was able to claim the VAT back. I don't think this applies to extensions as well though.

[tim rome]

on a self build u are allowed to claim the vat back but u can only do it the once, i.e. u cant lay foundations, claim vat back then do a bit more and claim. so it is best to claim when the whole house has been finished and then claim it back. as far as i am aware u cannot claim it back just for an extension at the moment but the law is supposed to be changing soon so that can happen, also there are plans to reduce the vat paid on home improvements to try to get rid of the cowboy element of builders (cheaper for cash, bodgit and scarper bregade). if vat is reduced then you are not gonna risk a crap job for cash. hope this helps.:) :)

[Dai]

Thanks Tim, any idea when the law is due to change and whether you can back date it ??

[tim rome]

sorry, dont know that unfortunately

[Bigtone]

dont you have to be vat registered to claim vat back :confused:

[Jonnybump]

Take a look at the first couple of lines at the following site:

http://www.selfbuild123.co.uk/vat_reclaim.htm

If you can't be arsed, it basically says "Details of how to reclaim the VAT incurred in building your own home are available in Public Notice 719 Do-it-Yourself Housebuilders and Converters. Extensions and renovations are not generally eligible."


Oh well - on another note if there's anything you need - give me a shout (I work in a civils/builders merchants nearby) and could maybe get ya a good price on some materials (blocks, bricks, cement, aggregates etc...). :thumbs:

Jonny