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VAT and buildings and land: regulations

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The Value Added Tax (Buildings and Land) Order, SI 2011/86, amends VATA 1994 Sch 10 with effect from 1 March. It has two purposes.

It provides ‘further facilitation’ in the use of the option to tax supplies of land and buildings. It also 'simplifies' the change in use provisions for new buildings that were zero rated (being intended to be used for a relevant residential or relevant charitable use) where, within ten years, the building ceases to be used for a relevant purpose.