The Vat Trap ; Two People Created New Homes in the Same Village, but Only One Received a Big Tax Bill ...

Summary

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Both have built new homes over the past year, and they live only a few hundred yards from each other in an Oxfordshire village.

But while architect David Hoblyn has had to pay Pounds 30,000 in tax on his Pounds 200,000 project, Fiona Benbow has completed her Pounds 400,000 build tax-free.

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The Vat Trap ; Two People Created New Homes in the Same Village, but Only One Received a Big Tax Bill ...

Because Hoblyn, 65, was renovating and extending an old chapel, his work was liable for VAT, while 51-year-old Benbow was building from scratch, which is VAT-free.

It i...

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