Regarding the discount from 17.5% to 5% VAT for properties which have been empty for 2 years or more, is this applicable to building meterials for a potential owner occupier? Or is this for VAT registered developers to claim back the VAT?
I have an individual who has purchased an empty, and wished to renovate. It has been empty over 2 years. Can anyone please enlighten me as to how this discount works for individuals such as this.