Katherine M Eland

We are considering buying a former mill and grain store which lies within the Grade B listed cartilage of a nearby farmhouse. We are planning to develop the mill & grain store into 2 residential properties, subject to planning permission for development of a redundant farm building. If we retain these converted properties for use as personal holiday homes (with no business use) & reclaim VAT under the DIY Housebuilder scheme, is there any time restriction and/or VAT implication with regards to when the properties can subsequently be sold? If we undertake the conversion with the intent of selling/renting, can you confirm the applicable VAT rate?