Individuals building holiday homes will now enjoy a VAT break similar to that
offered for building their own homes.
Constructing holiday homes or converting non-residential buildings in holiday
homes will now have VAT recoverable on the cost of building materials and on
“It has long been an anomaly that if the same person were to build or convert
a property for holiday lets it would not attract the same VAT treatment as if
building their own home,” said
Cowper VAT director Terry Dockley. “This ruling makes a lot of
HMRC has backdated the new ruling, allowing claims for work undertaken in the
last four years.
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