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Paragraph 35 IntroductoryF1F2

United Kingdom

(1)

This Part of this Schedule applies where one or more relevant zero-rated supplies relating to a building (or part of a building) have been made to a person (“P”).

(2)

In this Part of this Schedule—

  • “relevant zero-rated supply” means a grant or other supply which relates to a building (or part of a building) intended for use solely for—

    1. (a)

      a relevant residential purpose, or

    2. (b)

      a relevant charitable purpose,

    and which, as a result of Group 5 of Schedule 8, is zero-rated (in whole or in part);

  • “relevant premises” means the building (or part of a building) in relation to which a relevant zero-rated supply has been made to P;

  • “relevant period”, in relation to relevant premises, means 10 years beginning with the day on which the relevant premises are completed.

(3)

Where P is a F3person treated as a member of a group under sections 43A to 43D, any reference in this Part of this Schedule to P includes a reference to any member of that group.

Annotations

Textual amendments

F1

Sch. 10 substituted (with effect in accordance with art. 1(2) of the amending S.I.) by The Value Added Tax (Buildings and Land) Order 2008 (S.I. 2008/1146), arts. 1(1), 2 (with Sch. 2)

F2

Sch. 10 paras. 35-37 substituted (with effect in accordance with art. 3 of the amending S.I.) by The Value Added Tax (Buildings and Land) Order 2011 (S.I. 2011/86), arts. 1, 8

F3

Word in Sch. 10 para. 35(3) substituted (1.11.2019) by Finance Act 2019 (c. 1), s. 53(2), Sch. 18 para. 15(5); S.I. 2019/1348, reg. 2