House Build Thread As Promised

[BIGDAI]

And finally, some snaps of the damage caused by the storms last Feb (I'd forgotten they were still on the camera) - this was not a pleasant sight to come home to!

[JNR77]

BIGDAI said:

My understanding (at the time at least - things may have changed) is that you pay the full rate & claim it back in one job lot at the end.

Sort of right. If you use a main contractor to coordinate trades then they can invoice you at 0% vat. If you organise your own trades, if they are supplying and fitting then they invoice you at 0% vat, if you buy materials or pay for labour only then you pay the vat at the normal 20% rate but can claim it back at the end of the project once PC certificate is granted. Certain none fitted kitchen appliances are not included. A way round this is for them to be included within a fixed price building contract.

I have just finished a new build, it's quite nice when choosing products then giving yourself a 20% discount straight away by deducting the vat element!

[cerb4.5lee]

Brilliant thread OP I thoroughly enjoyed reading that a great story and an awesome result to finish with.

[Mr_C]

Great thread and nice place you've got

[BigTom85]

Lovely place, you must be thrilled with it

[monthefish]

BIGDAI said:

My understanding (at the time at least - things may have changed) is that you pay the full rate & claim it back in one job lot at the end.

Yes, but isn't that better than paying 5% on a renovation and not being able to claim it back?

[BIGDAI]

It is but the original plan was to utilise as much of of the old building as possible - it was only when we got into it we realised that most of it had to come down.

Also, given the trouble we had getting planning for a renovation, I dread to think what our chances would have been for a new build.

[Leicester Loyal]

That house is lovely.

Great thread, really enjoyed reading it.

[BIGDAI]

Thanks once again for the complementary comments. Pretty happy with it generally although I would do some of it differently if I were starting again.

[shambolic]

monthefish said:

Yes, but isn't that better than paying 5% on a renovation and not being able to claim it back?

Or being completely shafted and pay full vat on the lot like me!!
As the extension and renovation is not a new build or a change of use according to HMRC, we don't qualify for any rebate.