Recently, the Supreme Court clarified the distinction between renovation and new construction in two judgments < click here 1 > < click here 2 >. This is important when delivering a building. If it concerns ‘substantially new construction’, then the immovable property qualifies as new for VAT purposes. The supply of a new building is subject to VAT, whereas the supply of an old building is, in principle, exempt.
Source: efkbelastingadviseurs.nl
