VCONST03440 - Zero-rating major interest grants in buildings: holiday homes: what 바카라 사이트˜principal private residence바카라 사이트™ means
A 바카라 사이트˜principal private residence바카라 사이트™ is a dwelling that would be lived in as a sole or main residence throughout the year. Even if the building can be 바카라 사이트˜resided바카라 사이트™ in for the whole of the year, zero-rating must be denied if the recipient of the grant (the grantee) is prevented from using it as a 바카라 사이트˜principal private residence바카라 사이트™.
A dwelling, which, in effect, is a 바카라 사이트˜second home바카라 사이트™, is not disqualified under this test unless it is not possible to use it as a 바카라 사이트˜principal private residence바카라 사이트™.
In Loch Tay Highland Lodges Limited (VTD 18785), a condition of the grant was that the dwelling 바카라 사이트˜shall be used solely for holiday accommodation and shall not be occupied as the sole or main residence of any occupant바카라 사이트™. In dismissing the appeal the Tribunal said:
We consider that there is no material difference between 바카라 사이트˜sole or main residence바카라 사이트™ and the statutory phrase 바카라 사이트˜principal private residence바카라 사이트™.
During the hearing the appellant also argued that the Tribunal decision in Livingstone Homes UK Ltd (VTD 16649) should be followed. It was decided there that a condition that limited the grantee to use the dwelling as a 바카라 사이트˜holiday dwelling house only and for no other purpose바카라 사이트™ did not restrict him from using it as a 바카라 사이트˜principal private residence바카라 사이트™. But the Tribunal in Loch Tay agreed with us that the Livingstone Homes case was wrongly decided, saying:
In our view, the Tribunal has ignored the word 바카라 사이트˜only바카라 사이트™ and the phrase 바카라 사이트˜for no other purpose바카라 사이트™바카라 사이트¦ It does not matter whether use as a holiday house or a principal private residence are compatible. They may be compatible but they are not the same. The only permitted use is as a holiday house. Nothing else.