thomsonam

Hi there, I have bought a plot of land that is split into two title deeds. Plot 1 is owned by me and has a derelict property on it that has been uninhabited for over 6 years. We plan to demolish this, rebuild it and live in it. Plot 2 is owned by my inlaws - it has no dwellings on it (never has) and they plan to build a property on it, either to live in themselves or rent out until they are ready to move in. We plan on using the same builders for both properties as the materials are pretty much the same. While I know that Plot 1 qualifies for the 5% VAT reduction (we've had it signed off alreadfy), I don't know if Plot 2 does? Despite combing through the documentation. Can anyone help?