Thank you for the advice. Perhaps I should explain a little more: the reason I asked the question is that someone told me that he thought the rules governing VAT charged on building works had changed recently and that VAT was no longer payable if old buildings were being converted to residential use.
Some of the work will be carried out by a VAT register company and the rest by individual tradesmen who are unlikely to be VAT registered.
We don't intend to sell when complete - they are for rent, so C.G.T. isn't an issue now.
Wonderful! Thank you Keith