Hi i am planning to do some enhancements and extension to my grade 2 listed residential home subject to the conservation and planning consents. however i heard that i can get reduced rate VAT on this work. can anyone help?
As from 1 October 2012 VAT at the standard rate (20%) applies to all materials and services supplied in the course of approved alterations to listed buildings or scheduled monuments. Previously the cost of approved alterations was zero rated for VAT.