½Û×ÓÊÓƵ

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

VATA 1994, Sch 8, Group 5, Item 1(b) zero-rates the first grant of a major interest (see V4.232G) in, or in any part of, a building, dwelling or its site by a person converting a non-residential building (see V4.232D) or a non-residential part of a building into a building:

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)

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 for the term 'grant' to include including an assignment or surrender

2. Ìý

   •ÌýÌýÌýÌý VATA 1994, Sch 8, Group 5, Note 2 describes when a building is designed as a