VAT And Loft Conversion Price

Suddenly a figure that seemed reasonable and within reach has taken on a whole new dimension.

VAT is the scourge of us all and the levels payable for certain products are ambiguous and very confusing.

And calculating the level of VAT on building work in general, and loft conversions in particular, is as confusing as any other area.

But we’ll give it a go.

Building work classed as maintenance or conversion is chargeable at the full rate of VAT – whatever that may be at any given time.

Of course this will have a significant effect on the bottom line when it comes to working out the final loft conversion price though there are one or two exceptions to the full rate.

Work on new builds does not attract any VAT charges whatsoever and conversions to listed buildings, if allowed by the planning department, is also charged at 0%.

There is also different rates of VAT should you be building a loft conversion in a property that you have just acquired if has previously stood empty.

If the property has been empty for ten years than there is no VAT chargeable with the rate set at just 5% if the house has been empty for more than three but less than ten years.

Getting Around VAT On A Loft Conversion Price

Not suggesting anything illegal here but if you are using teams of contractors for different jobs, rather than one company to do everything, then those individual builders may not be registered for VAT.

By carefully picking your contractors it may be possible to reduce the VAT on a total loft conversion price to very little or indeed nothing at all.

A specialist loft conversion company though will need to charge VAT though arrangements may be made to pay the VAT on a staggered basis throughout the build or even to defer the VAT until the job has been completed.

Unfortunately, some VAT is inevitable and you must be very clear from the outset the rates that you will be charged and for what jobs.

Failure to take VAT into account can have a severe impact on your budget so ensure it is sorted out at the very start and not left to add a nasty surprise to the final amount that you are charged.

For more info see the related pages below or complete the form at the bottom of the page for a free no obligation quote from tradesmen near you...

An Overview Of Loft Conversion Price And Costs

Costs Of Converting The Loft

Loft Hatches

Polyisocyanurate Roof Insulation

Loft Conversions London

Adding A Dormer

Home Improvement Loan

Find A Builder

Loft Conversion