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Podcast: Wealth Made Simple Podcast
Episode: Commercial Conversion and VAT
Description: In this episode, Shaz explains the VAT rates and implications when doing a commercial conversion, and how you can and should remain compliant at all times. KEY TAKEAWAYS When doing a commercial conversion, the VAT rate is 5% whether increasing the number of units, decreasing them, or converting a property that has been empty for more than two years. If you sell a property, you can claim back the VAT, but if you hold onto it, you cannot do this due to the fact that you will be selling a service BEST MOMENTS 'If...