VCONST10700 - Zero-rating major interest grants in substantially reconstructed 바카라 사이트˜protected buildings바카라 사이트™: first major interest grant in, or in any part of, the building, dwelling or its site
For a building to be 바카라 사이트˜substantially reconstructed바카라 사이트™, the reconstruction must, at least, meet one of the two conditions in Note 4 to Group 6 when the reconstruction is complete (VCONST10320).
This means that the only person that can have 바카라 사이트˜person substantially reconstructing바카라 사이트™ status and can make a zero-rated supply is the person that is in the position to make a major interest grant in a substantially reconstructed protected building.
Developers that grant a major interest in the building before it has been substantially reconstructed can바카라 사이트™t zero-rate the supply.
A purchasing developer that takes over the project, completes the substantial reconstruction and grants a major interest in the building can zero-rate the supply to the extent that it is a 바카라 사이트˜protected building바카라 사이트™.