- The DIY Housebuilders’ Scheme is a tax refund mechanism for people who build their own home or convert commercial property into a house.
- Claimants can now submit claims electronically and the deadline for making claims has been extended to six months.
- The list of documents required to support a claim has been amended.
- Additional evidence is required when a derelict building has been converted into a dwelling.
- These changes are outlined in The Value Added Tax (Refunds to “Do-It-Yourself” Builders) (Amendment of Method and Time for Making Claims) Regulations 2023.
- The new deadline applies to claims made on or after 5 December 2023.
- Disputes over the completion date of a dwelling may arise.
Source: marcusward.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
