New Build

Client: Property Developer
Project Value: £100 million
Estimated VAT Savings: £18 million
Location: Grosvenor Square, London

Overview

Landmark PT advised on the VAT treatment for the conversion and extension of a former commercial property into a high-end private residence in central London. The project involved multiple trade contractors and extensive design input across structural, architectural, and interior packages.

VAT Issues

The project presented a range of VAT challenges, including:

  • Construction of series of new dwellings behind a retained double facade ; advice on project procurement; cost apportionments for main contractors and specialist installers; advice to flat owners on subsequent fit out works

Our Role

We worked directly with the project’s quantity surveyor, architect, and main contractor to:

  • Analyse the works and apportion costs between 0%, 5%, and 20% VAT rates.

  • Prepare detailed VAT schedules for contractors to follow during billing.

  • Advise on procurement documentation to maintain compliance and maximise VAT efficiency.

  • Provide ongoing project support and VAT verification as works progressed.

Outcome

Through detailed analysis and proactive involvement, the client achieved an estimated £18 million VAT saving across construction and professional costs, ensuring compliance with HMRC requirements while maximising available VAT reliefs.