VCONST21010 - Changing the use or disposing of certificated buildings - buildings completed on or after 1 March 2011: about this section

The zero rating of a relevant residential and relevant charitable purpose building is dependent on its intended use at the time of supply.

However, if, within 10 years of its completion, a building that benefited from zero-rating isn’t used as originally intended, is initially and then put to another use or is disposed of, a taxable charge may arise. This section explains the relevant rules.

In this chapter, to simplify the language, we have only made reference to the zero rate for buildings used solely for a relevant residential or relevant charitable purpose but equally, the zero rate could also apply to parts of a building where those parts are used solely for a relevant residential or relevant charitable purpose.

These rules only apply where the building was completed on or after 1 March 2011. If the building was completed before 1 March 2011, VCONST20000 refers.