VAT liability On House Purchase?

[car29]

Hi,

Hope I am asking this in the right thread, close to signing contracts on a property but the vendor who is in the construction trade has completed some works on the property it is an old commercial building truned into a residential one, now VAT has to be paid on the materials put into the property to date which is a good few grand, my question who should be responible for these payments if it comes down to the buyer is there way around this?, thanks in advance for any advice.

 

[JJ1982]

When you were quoted initially by the builder, was it inclusive of VAT?

 

[car29]

No this has only come to light in the last week and was not made known to me before we aggreed a sale price.

 

[ubiquitous]

I would have thought that the agreed sale price stands, and VAT compliance and liabilities are the vendor's responsibility, unless the sale contract specifies otherwise.

 

[car29]

Thanks for the reply yes this is my feeling also as I was not made aware of the VAT liability at the start of the process.