VCONST21400 - Changing the use or disposing of certificated buildings - buildings completed on or after 1 March 2011: what is a 'change in use'?
Normally, when considering, for VAT purposes, how an item is used, HMRC will regard the economic use to which it is put as determinative. However, in the case of the zero rate for qualifying buildings, it is the occupational or physical use of the building that determines whether or not it can be zero-rated and whether or not a 바카라 사이트˜change in use바카라 사이트™ has taken place.
Note: VAT legislation requires, for the purposes of zero-rating qualifying buildings, that where construction is concerned, the person receiving the supplies of construction services must be intending to use the building themselves solely for a qualifying purpose.
However, once the building has been zero-rated, if it is used for a non-qualifying purpose or the building is disposed of, a 바카라 사이트˜change in use바카라 사이트™ charge will arise.
For example, a 바카라 사이트˜change in use바카라 사이트™ charge would be required where you dispose of your 바카라 사이트˜entire interest바카라 사이트™ in the building or where all or part of the building is let to another person who uses it for a purpose other than a qualifying one. A qualifying purpose is used, solely for a relevant residential or relevant charitable purpose.
On the other hand, a 바카라 사이트˜change in use바카라 사이트™ charge wouldn바카라 사이트™t apply where all or part of the building is let to someone who continues to use it solely for a qualifying purpose.
A 바카라 사이트˜change of use바카라 사이트™ charge also wouldn바카라 사이트™t apply where use of all or part of the building changes from one qualifying use to another qualifying use.
For further information on disposing of your entire interest see VCONST21500