VCONST10010 - Zero-rating major interest grants in substantially reconstructed ‘protected buildings�: about this section

This section provides guidance on when major interest grants in substantially reconstructed ‘protected buildings� are zero-rated.

‘Protected buildingsâ€� is a VAT term and doesn’t include all listed buildings. VCONST08200 provides further explanation of this. »Ê¹ÚÌåÓýapp zero rate only applies to the first major interest grant in buildings that, after the reconstruction, are:

  • ‘designed to remain as or become a dwelling or number of dwellingsâ€� (VCONST14300)
  • intended for use solely for a ‘relevant residential purposeâ€� (VCONST15000)

or

  • intended for use solely for a ‘relevant charitable purposeâ€� (VCONST16000).

»Ê¹ÚÌåÓýappre are occasions when the supply must be apportioned. VCONST10800 provides guidance on this.