Getting ready to develop again

With both major political parties promising policies to create over 1.5 million new homes over the next five years, both commercial developers and housing associations may be looking to acquire land that could not previously be developed, repurpose existing buildings and ensure tax efficient structures are in place. Our upcoming webinars will examine the VAT and CIS issues to consider.

What we will cover 

Part one: optioning potential sites

With changes promised to planning freeing up more sites for development, we will look at: 

• VAT treatment of option agreements 
• VAT treatment of overage payments 
• VAT issues with promotion agreements 
• VAT treatment of the new biodiversity net gain requirements.

Part two: hidden homes

Additional homes can often be created without acquiring new land. We will look at: 

• what VAT reliefs are available for building conversions? 
• when will an extension qualify as new build? 
• VAT reliefs on long term voids.

Part three: using subsidiaries

Many subsidiaries set up for design-and-build, open market sale or other special purposes have become dormant. If you are looking at using them again or considering setting these up, we will look at: 

• the benefits these subsidiaries can bring to developments 
• how they should be used in practice 
• VAT, CIS and domestic reverse charge compliance requirements.

Manifesto and King’s speech changes

The contents of the webinars will be updated as policies become clearer and manifesto promises are fleshed out in the post-election King’s speech.

Who should attend

Finance and development teams at commercial housebuilders and housing associations.

Cost

There is no cost to attend this event.

Register now

When

Part one: optioning potential sales – Tuesday 23 July 2024

10:30 Webinar starts
11:30 Webinar ends

Part two: hidden homes – Tuesday 30 July 2024

10:30 Webinar starts
11:30 Webinar ends

Part three: using subsidiaries – Tuesday 6 August 2024

10:30 Webinar starts
11:30 Webinar ends

If you cannot make all of the events, recordings will be available on-demand.

Location

This is a virtual event. You will receive log in details upon registration. 

Speakers

Adam Cutler Director, VAT [email protected] T: +44 (0)20 7842 7162		Olivia Larson Manager, VAT [email protected] T: +44 (0)20 7842 7492		Seb Harding Manager, Employment Tax [email protected] T: +44 (0)20 7842 7338