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VAT on new house

kilclon · 2013-07-04 10:24:33

Hi, Just wondering if I have this right? If I buy a new house (completed within the last 5 years) I have to pay VAT on the purchase. If I then occupy the house for less than 2 years and wish to sell it again, the sale is again subject to VAT provided the second sale is within 5 years of original completion. Thanks.

04-07-2013 10:24am

#1

kilclon

Registered Users, Registered Users 2 Posts: 186 ✭✭

Join Date: November 2011

Posts: 175

Hi,

Just wondering if I have this right?

If I buy a new house (completed within the last 5 years) I have to pay VAT on the purchase.

If I then occupy the house for less than 2 years and wish to sell it again, the sale is again subject to VAT provided the second sale is within 5 years of original completion.

Thanks.

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Comments

#2 04-07-2013 6:08pm

Alan Shore

Registered Users, Registered Users 2 Posts: 735 ✭✭✭

Join Date: May 2010

Posts: 734

Are you going to live in the house. You are not VAT registered.

Are you going to rent the house our. You can't tax a residential letting.

Not going to comment on any other use as I am have already said too much see the charter.

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