Hi. I have a building company and have built a couple of properties initially with the intention of selling them on the open market. My personal circumstances have changed and I’m now considering moving in to one of the properties but before I decide I’d like to know whether my company would have to charge me VAT on the sale?
I have obtained three independent valuations from Estate Agents and propose to pay the company the middle valuation assuming that this would be zero-rated but I have doubts as to whether this assumption is correct.
Any advice would be greatly appreciated.
Thanks in advance.