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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4075
Experience:  FCCA FCMA CGMA ACIS
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I have converted a work/live unit to 2 flats Am I able to

Customer Question

I have converted a work/live unit to 2 flats
Am I able to claim back vat like I could if it was office to 2 flats
Submitted: 2 years ago.
Category: Tax
Expert:  bigduckontax replied 2 years ago.
Hello, I am Keith, one of the experts on Just Answer and pleased to be able yo help you with your question. If this conversion is part of your business and the property ditto then there is no problem in reclaiming the input tax on your quarterly return in the normal manner. I do hope my reply has been of assistance.
Customer: replied 2 years ago.
Thank you Keith
I do property development and the property is converted to 2 flats
But I have seen contrary views as work live is let's say 50% office 50% living area so can you please review your answer
Kind regards
Kamran
Expert:  bigduckontax replied 2 years ago.
VAT Notice 708 indicates that these activities are zero or reduced rated for VAT. Thus all input tax can be reclaimed. It is only where exempt outputs are concerned are there problems.
bigduckontax and other Tax Specialists are ready to help you
Expert:  bigduckontax replied 2 years ago.
Thank you for your support.