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Property development: Case studies (1)

By Lee Sharpe, February 2021

Lee Sharpe takes a look at property development from scratch; a brand-new residential building. 

This first set of case studies will look at the key considerations when developing a residential property from a bare site. We shall throughout assume that we are referring to land owned personally by UK resident individuals, and we shall be ignoring the pandemic for the purposes of considering the principles involved.  

In this article, we shall look at developing residential property from the ground up, and: 

  • The role that only or main residence relief (also known as PPR relief) has to play; 
  • How VAT can be your friend (but one you still need to keep an eye on); 
  • That the construction industry scheme (CIS) will probably apply; 
  • Planning permission; and 
  • Interest expenses.  

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