VCONST10100 - Zero-rating major interest grants in substantially reconstructed 바카라 사이트˜protected buildings바카라 사이트™: basic conditions for zero-rating major interest grants in substantially reconstructed protected buildings
The basic conditions for zero-rating the sale or long lease of substantially reconstructed protected buildings are set out in Buildings and construction. The legal basis for those conditions, and where further guidance on their interpretation can be found, is as follows:
| Condition | Relevant law (all references are to VATA 1994, Schedule 8, Group 6 unless otherwise stated) | Guidance |
|---|---|---|
| 1 - Work is carried out to a 바카라 사이트˜protected building바카라 사이트™ | Item 1. Note 1. | VCONST08200 |
| 2 - The protected building is 바카라 사이트˜substantially reconstructed바카라 사이트™ | Item 1. Note 4. | VCONST10300 |
| 3 - A grant of a major interest in the building is made | Item 1. VATA 1994, Section 96 | VCONST03200 |
| 4 - For tenancies, the payment is a premium or first payment of rent | Note 3. VATA 1994, Schedule 8, Group 5, Note 14. | VCONST10200\nVCONST10400 |
| 5 - The building is not a holiday home | Note 3. VATA 1994, Schedule 8, Group 5, Note 13. | VCONST10500 |
| 6 - The grantor has 바카라 사이트˜person substantially reconstructing바카라 사이트™ status | Item 1. | VCONST10600 |
| 7 - The grant is the first major interest in the building | Item 1. | VCONST10700 |
| 8 - Where necessary, a valid certificate is held | Note 3. VATA 1994, Schedule 8, Group 5, Note 12. | VCONST18000 |