½Û×ÓÊÓƵ

This paragraph covers the zero-rating extended to the first grant of a major interest in certain new buildings under VATA 1994, Sch 8, Group 5, Item 1(a).

For an overview of the scope for zero-rating under VATA 1994, Sch 8, Group 5 more broadly, see V4.231.

VATA 1994, Sch 8, Group 5, Item 1(a) zero-rates the first grant of a major interest in, or in any part of, a building, dwelling or its site, by a person constructing the building which is either:

1. Ìý

   •ÌýÌýÌýÌý designed as a dwelling or number of dwellings (see V4.232BA)

2. Ìý

   •ÌýÌýÌýÌý intended for use solely for a relevant residential purpose (see V4.232BB)

3. Ìý

   •ÌýÌýÌýÌý intended for use solely for a relevant charitable purpose (see V4.232BC)

The following notes to VATA 1994, Sch 8, Group 5 are relevant to the scope of this relief:

1. Ìý

   •ÌýÌýÌýÌý VATA 1994, Sch 8, Group 5, Note 1 provides that the term 'grant' includes an assignment or surrender

2. Ìý

   •ÌýÌýÌýÌý VATA 1994, Sch 8, Group 5, Note