In reply to A newbie all over again! by Annec
In reply to A newbie all over again! by Annec
[FONT=Arial]As I understood it this has now changed so that you can only recoup the IVA as a deduction in the income tax you pay each year (over a set period - 10 years?) in line with other government incentives.
Happy to be corrected[/FONT]:smile:
In reply to A newbie all over again! by Annec
[quote=Penny;107141][FONT=Arial]As I understood it this has now changed so that you can only recoup the IVA as a deduction in the income tax you pay each year (over a set period - 10 years?) in line with other government incentives.
Happy to be corrected[/FONT]:smile:[/quote]
When did this come into effect?
There are past threads on this subject so worth tracking back. Things do change of course and last year you could not claim for some things. I remember posting what these where.
If you are building a house from scratch then I think the IVA is still 4% for restoration it's 10% and you have to obtain the documentation stating this. (Our geometra did all the necessary).