Exploring a valuable reduction on VAT on property renovations
Since 2008, renovations and alterations to residential properties that have been empty for at least two years are eligible for a reduced VAT rate of 5%, writes Nick Cunningham of Stacks Property Search.
Nick Cunningham is Regional Director at Stacks Property Search
What to read next
Required Reading: The VAT reverse charge for building & construction services
A major change to the way VAT is collected in the building and construction industry comes into play on 1st October 2019 [delayed to 2020].
By Kate Garcia
RICS warns of ‘stranding risk’ for property assets in new sustainability guidance
Sustainability is now a 'cross-cutting responsibility' for all surveyors, says the RICS, as it embeds climate risks into valuation advice.
By PrimeResi
Sandy Mitchell’s ‘secret recipe’ for the perfect property refurbishment project
How to make sure your property project runs like a dream? It all comes down to getting it right at the start.
Companies in this article
Stacks Property SearchMost read
New platform opens door to distressed property deals
Exclusive: Receiv-r promises an early heads-up on property and land opps - and already has a big-name brokerage on board.
£37.5mn Banda-designed super-duplex unveiled at The OWO
In Pictures: Top-end studio delivers 3,804 sq ft heritage-inspired residence at luxury Raffles-branded scheme in Whitehall.
Property billionaire swaps Holland Park for Monaco
David Reuben becomes the latest big name to leave the UK, joining a Monaco set now controlling some £77bn of Rich List wealth.
Guardian: Why are London mansions struggling to sell?
LonRes chief says there is some ‘unbelievably good value’ in the capital's prime neighbourhoods - but warns the market has yet to find its floor.
Grand Registry: Surveying the latest big-ticket deals to hit the official record
Land Registry data reveals a telling resale at one of Kensington’s most prestigious schemes, alongside a clutch of eight-figure deals across the capital.
Record transfer window kicks off super-prime rental bonanza
Savills handled more than 20 player and manager relocations over the summer, including a string of deals in Cheshire at more than £30k a month.
London Square owner racks up £1bn-worth of Abu Dhabi sales in a week
International buyers drive bumper sales tally for Aldar across two waterfront launches.
By PrimeResi
RFR brings in super-prime specialist as MD
Former Knight Frank partner joins Chelsea-based buying firm.
Super-prime London scheme lands double win at global branded residence awards
Raffles-branded project takes European and urban titles at inaugural awards programme for booming sector.
Forbes-backed brokerage adds another big name to PCL line-up
Latest Founder Partner brings nearly four decades of top-end agency experience to Martin Bikhit’s new venture.
LATEST ARTICLES
Inside St John’s Wood Square: Sales launch at ‘once-in-a-generation’ super-prime project
Portia Fox-designed show apartment unveiled as long-awaited transformation of historic NW8 barracks site hits the market, with pricing revealed for the first time.
Tories pledge to take family homes out of inheritance tax
Badenoch adds another big-ticket property tax promise to conference agenda, alongside plans to scrap Stamp Duty and Labour’s incoming ‘mansion tax’.
Savills makes Alpine move as agency battle for ski markets heats up
Latest tie-up in Megève follows recent expansion drives by Knight Frank and Douglas Elliman in the French Alps.
Ultra-prime branded Miami scheme breaks ground after $1.7bn sales haul
Swire's biggest luxury residential project to date is on track to complete in 2030.
By PrimeResi
£2mn Cotswolds site comes with consent for 11,000 sq ft ‘energy-positive’ home
In Pictures: The ten-acre plot is 'a dream in the making,' declares Charlie Willis of Forbes Global Properties.
By PrimeResi