000 01233cab a2200253 4500
001 ABS68582
008 041213n2004 000 0 eng u
035 _a(Sirsi) u128282
100 _aFacer, R.
245 _aCash in on residential conversion
260 _c2004
490 _aEstates Gazette
_v(0448) 27 November 2004, 130(1)
520 _aAlerts developers and others to the introduction in the 2001 budget of a 5% reduction to the standard rate of VAT for a wide range of residential conversions and renovations. Irrecoverable VAT can be a significant cost consideration in deciding whether a development is financially viable or not. Looks at the three categories of qualifying conversions and also the range of goods and services covered. Concludes that the principles of the reduced reliefs are relatively straightforward but the legislation covering this area is complex and imposes conditions and exceptions that must be considered.
590 _aABS
650 _aTAX RELIEF
650 _aQUALIFYING CONVERSIONS
650 _aDEVELOPERS
650 _aREFURBISHMENTS
650 _aRESIDENTIAL CONVERSIONS
650 _aURBAN REGENERATION
650 _aVALUE ADDED TAX
690 _aTAXATION
942 _n0
999 _c74664
_d74664