Investors in Property Logo Investors in Property Logo

Tax advantages - how do I get the VAT back?

Renting your new-build property can have tax advantages as it is possible to reclaim part, or all of the VAT on your purchase, giving a discount of up to 20%. To be eligible for this VAT discount you would be expected to rent your property professionally and you will need to show an overall profit over a period of 20 years.

To reclaim the tax you will need to register for VAT, and in some cases pay the gross price and then claim the tax back. This usually takes two to three months and you will be appointed a tax advisor to help you with this. It is possible to obtain a bridging-loan for the VAT if required. Sometimes the developers will have pre-arranged everything for you so you will only need to pay the net price.  

Information correct as of 1st January 2024. This may change as rules and regulations change often, so please contact us directly if you have any specific enquiries.