000			01566cam a2200277 4500
001			ABS64198
008			000000n2001 000 0 eng u
035			_a(Sirsi) u113437
100			_aPrice, J.
245			_aFive per cent conversions
260			_c2001
490			_aTaxation _v147(3811) 14 June 2001, 261-263(3)
520			_aAdvises when the reduced rate of VAT at 5% applies to the alteration, conversion, creation and renovation of dwellings in existing properties and summarises the key points of Inland Revenue Information Sheet 4/01. Highlights the part-of-building trap, whereby only the work done in that part of a building where the number of dwellings changes qualifies for the 5% rate; the pub conversion problem, where work done to the living accommodation in a pub being converted into a dwelling will be taxed at the full rate if it is self-contained; that the conversion of non-residential buildings into, or the addition of extra bedrooms to, houses in multiple occupation does not attract the discount; and the rules and regulations surrounding qualifying residential purpose, certificates of intention, the renovation of empty dwellings and subcontractors services to the main contractor.
590			_aABS
650			_aALTERATIONS
650			_aCONVERSIONS
650			_aRENOVATIONS
650			_aRESIDENTIAL CONVERSIONS
650			_aRESIDENTIAL PROPERTY _96266
650			_aSUBCONTRACTORS
650			_aVALUE ADDED TAX
650			_aVALUE ADDED TAX
650			_aVAT REGULATIONS
690			_aTAXATION
942			_n0
999			_c67586 _d67586