VCONST10100 - Zero-rating major interest grants in substantially reconstructed 鈥榩rotected buildings鈥�: basic conditions for zero-rating major interest grants in substantially reconstructed protected buildings
皇冠体育app basic conditions for zero-rating the sale or long lease of substantially reconstructed protected buildings are set out in Buildings and construction. 皇冠体育app 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 鈥榩rotected building鈥� | Item 1. Note 1. | VCONST08200 |
| 2 - 皇冠体育app protected building is 鈥榮ubstantially reconstructed鈥� | 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 - 皇冠体育app building is not a holiday home | Note 3. VATA 1994, Schedule 8, Group 5, Note 13. | VCONST10500 |
| 6 - 皇冠体育app grantor has 鈥榩erson substantially reconstructing鈥� status | Item 1. | VCONST10600 |
| 7 - 皇冠体育app 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 |