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When a residential property developer temporarily rents out a property that was developed for purposes of sale this has significant VAT implications for the developer. The relief previously provided in section 18B of the VAT Act ceased on 1 January 2018. From 1 April 2022, a new relief measure is available for developers. This article briefly considers the VAT consequences of temporarily letting in the absence of any relief and how the new provision, section 18D of the VAT Act, eases the burden on developers.
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