Nige, have they done away with the option to waive the exemption to VAT on short term lettings ?
Vat is not a cost to you ,it is your customers that pay the vat.
so what is the best option . if for example i wanted to build a large house over a five year timeframe and did it gradually with a few contractors and for example spend 10k every 2 months of company money which would save approx 2k in vat every two months (labour at 13.5% and materials at 21%). After 5 year it would have cost 300k (10kx6 x5year). Then there is a house after 5 year and i would have kinda saved paying 60k vat. does this make sense to anyone.how long do i need to rent it before selling it .
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