whats the story on a self build for an investor who registers for VAT
I would think that if it is a business and the property is going to be part of the business and the business is registered for VAT then you can claim it back.
The down side is that you then have to pay VAT on the rental (or sale) of the property for ever and ever and this should end up being more than you claimed back.
...in relation to investors reclaiming VAT on properties. This is a useful interest free loan from the revenue which is repaid by accounting for VAT on rent receipts. I then believe it is possible to deregister when the VAT reclaimed on the build equals the VAT charged and paid on rent.
I had registered for VAT and recalimed some VAT before that but have not yet actually started the build am I still unable to avail of this?
Registered as normal self employed and stated type of business was self build of property.
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