{
  "url": "https://openlegislation.uk/value-added-tax-regulations-1995/regulation-113",
  "json_url": "https://openlegislation.uk/value-added-tax-regulations-1995/regulation-113.json",
  "legislation": "uksi/1995/2518",
  "legislation_title": "The Value Added Tax Regulations 1995",
  "legislation_url": "https://openlegislation.uk/value-added-tax-regulations-1995",
  "path": "regulation/113",
  "kind": "regulation",
  "number": "113",
  "heading": "Capital items to which this Part applies",
  "text": "(1) The capital items to which this Part applies are any of the items specified in paragraph (2) on or in relation to which the owner incurs VAT bearing capital expenditure of a type specified in paragraph (3), the value of which is not less than that specified in paragraph (4).\n(2) The items are—\n(a) land;\n(b) a building or part of a building;\n(c) a civil engineering work or part of a civil engineering work;\n(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(e) an aircraft;\n(f) a ship, boat or other vessel.\n(3) The expenditure—\n(a) in the case of an item falling within paragraph (2)(a) ..., is the expenditure relating to its acquisition;\n(b) in the case of an item falling within paragraph (2)(b), (c), (e) or (f), is the expenditure relating to its—\n(i) acquisition,\n(ii) construction (including where appropriate manufacture),\n(iii) refurbishment,\n(iv) fitting out,\n(v) alteration, or\n(vi) extension (including the construction of an annex).\n(4) The value for the purposes of paragraph (3) is—\n(a) not less than £600,000 where the item falls within paragraph (2)(a), (b) or (c);\n(b) not less than £50,000 where the item falls within paragraph (2)(e) or (f).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 113 substituted (1.1.2011) by The Value Added Tax (Amendment) (No. 4) Regulations 2010 (S.I. 2010/3022), regs. 1(1), 11 (with reg. 1(3))"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Reg. 113(2)(d) omitted (29.7.2026) by virtue of The Value Added Tax (Amendment) Regulations 2026 (S.I. 2026/765), regs. 1(2), 2(2)(a) (with reg. 1(3))"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 113(3)(a) omitted (29.7.2026) by virtue of The Value Added Tax (Amendment) Regulations 2026 (S.I. 2026/765), regs. 1(2), 2(2)(b) (with reg. 1(3))"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sum in reg. 113(4)(a) substituted (29.7.2026) by The Value Added Tax (Amendment) Regulations 2026 (S.I. 2026/765), regs. 1(2), 2(2)(c)(i) (with reg. 1(3))"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in reg. 113(4)(b) substituted (29.7.2026) by The Value Added Tax (Amendment) Regulations 2026 (S.I. 2026/765), regs. 1(2), 2(2)(c)(ii) (with reg. 1(3))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/2518/regulation/113",
    "retrieved_at": "2026-10-29T13:01:01.982800+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}