New VAT regulations for the property and construction industry

Abstract

Discusses the changes in UK tax legislation concerning VAT and the property and construction industry, specifically the ruling that the zero rating of certain supplies in the industry was not permitted under EC law. Concludes that knowledge of the new legislation is important to those involved in the property industry, and that it should be studied carefully; although definitions of what may be zero‐rated and what constitutes a new building have clarified most issues.

Citation

Davis, B. (1989), "New VAT regulations for the property and construction industry", Property Management, Vol. 7 No. 2, pp. 164-168. https://doi.org/10.1108/EUM0000000003327