How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • Go back-and-forth until satisfied
    Rate the answer you receive.
Ask HM Accountax Ltd Your Own Question
HM Accountax Ltd
HM Accountax Ltd, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 294
Experience:  I am an accountancy professional with more than10 years hand on experience in audit, accountancy and tax affairs.
Type Your Tax Question Here...
HM Accountax Ltd is online now

I'm a small building construction company and 2006 I built a

Customer Question

I'm a small building construction company and 2006 I built a 11 house estate..I had fully furnished 5 of the houses for sale but that didn't happen so I rented the houses out and paid the vat as advised by my account on the vat claimed during the build.
JA: Have you talked to a tax professional about this?
Customer: I now have an offer to buy 3 of the finished houses .
JA: Anything else you want the Accountant to know before I connect you?
Customer: Are these houses New or second hand
Submitted: 6 days ago.
Category: Tax
Expert:  HM Accountax Ltd replied 6 days ago.


I am an advisor at JA and happy to assist you.

Could you please provide more details about your query.



Customer: replied 6 days ago.
Are these houses classed as new or second hand now as I understand there is no vat on second hand
Expert:  HM Accountax Ltd replied 6 days ago.

They are not new as they are built since 2006 and are on rent since then.

I hope this answers the query.