VAT - Option to Tax

[PurpleMoonlight]

I am familiar with the process for an existing VATable property, but I am shortly to be party to one where the land is being purchased first, then two stage payments for the structure being built on it. All from the developer.

Does the Option to Tax work the same? Will the initial suffice for the end result?

I remember the application forms do contain a development question but does this apply as the purchaser isn't developing as such.

[Birkin1932]

No probs, I have just done the same

Bought the land off the developer, got an invoice, applied for VAT number and did the reclaim.

Two months later started the build, paid VAT on PC for the build, got a VAT bridge off the lender, then claimed back no probs.