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Holiday home; Rent and expenses; Fragrant tax; Family partnership
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Holiday home
VAT implications of a newly-built holiday home with restricted occupation
I am confused about the VAT rules that will apply to a client who is building a new house on some land in Bournemouth.
However there is a planning restriction which states that he can live in it for only 11 months of the year the excluded month being February.
The client intends to rent out the property as holiday accommodation when it is completed and also use it...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
