Blog for Renovation and Build
Property Tax: The new rules on finance costs deductions for buy-to-let landlords
Taxation

Property Tax: The new rules on finance costs deductions for …

With the enactment of the 2015 Summer Finance Act we have seen the introduction of new rules which will restrict the deductibility of finance costs…

Simon Johnson
VAT on self-builds and DIY conversions
Self Build

VAT on self-builds and DIY conversions

If you’re building a new home or converting an existing property into a dwelling, you can claim VAT on certain goods and/or services under the…

Marie Stein
What happens if HMRC disagrees with 5% VAT?
Taxation

What happens if HMRC disagrees with 5% VAT?

I usually write RenovateMe blogs from the perspective of the property owner, but this blog is about the contractor and what happens if the contractor has charged 5%…

Marie Stein
Renovation: Revisiting the 5% VAT rate
Taxation

Renovation: Revisiting the 5% VAT rate

Over the past few months, I’ve discussed most of the main principles of the 5% VAT rate for renovation projects. I’ll be looking at many…

Marie Stein
AUTUMN STATEMENT 2015 – STAMP DUTY LAND TAX INCREASE
Taxation

AUTUMN STATEMENT 2015 – STAMP DUTY LAND TAX INCREASE

Background Although details are still being released by the Treasury, George Osborne has announced a surprising 3% additional SDLT payment on second home and buy…

Sian Lloyd
Renovation: What sort of work qualifies for the 5% rate?
Taxation

Renovation: What sort of work qualifies for the 5% rate?

So you’ve got a letter from the Empty Property Officer confirming that the property hasn’t been occupied during the past couple of years.   You’re probably…

Marie Stein
VAT: What does the 2 year rule mean?
Taxation

VAT: What does the 2 year rule mean?

One of the conditions to qualify for reduced rated renovations and alterations on residential property is that the property must have been unoccupied for the…

Marie Stein