VCONST04010 - Zero-rating major interest grants after a non-residential conversion: about this section

This section provides guidance on when major interest grants in buildings converted to a residential use from a non-residential one are zero-rated. Eligible conversions are known as 바카라 사이트˜non-residential conversions바카라 사이트™.

The zero rate only applies to major interest grants in buildings that, following conversion, are:

  • 바카라 사이트˜designed as a dwelling or number of dwellings바카라 사이트™ (VCONST14100)

or

  • intended for use solely for a 바카라 사이트˜relevant residential purpose바카라 사이트™ (VCONST15000).

The zero rate does not apply to buildings intended for use, after conversion, for a 바카라 사이트˜relevant charitable purpose바카라 사이트™.

There are occasions when the grant will need to be apportioned (VCONST04900).