- The reduced 9% VAT rate in Ireland applies only to the sale and construction of qualifying apartments within multi-unit apartment blocks, not to single units or small conversions.
- Non-residential elements of mixed-use developments (e.g., gyms, pools, commercial units) are excluded from the reduced rate and remain at 13.5%; apportionment may be needed for shared areas.
- Revenue’s guidance clarifies definitions for qualifying apartments and blocks but leaves some uncertainty, especially for mixed-use schemes.
- Developers are advised to seek professional advice, check definitions, ensure contract clarity, and consider separating qualifying and non-qualifying elements.
Source: addleshawgoddard.com
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.
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