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GRAHAM ELLIOTT highlights a recent VAT tribunal on the VAT treatment of listed buildings.
KEY POINTS
- VAT relief is due for alterations to listed buildings.
- The effect of time on reinstating an original feature.
- When is an alteration a repair?
- Tribunal's decision in Metropole (Folkestone) Ltd.
VAT HAS FAMOUSLY been likened to an illogical theme park consisting of rules which invert reality. No one would better appreciate this than a surveyor who often acts in respect of works to listed houses since he must explain to his lay clients that although there is a VAT relief for construction works to their dwelling the relief does not favour repair and maintenance (as one would logically presume) but actually favours alteration. The more you decide to alter your house or flat the less VAT you pay. An inverse incentive in most cases if ever there...
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