Conversion of commercial properties

Hillier Hopkins LLP

Chartered Accountants & Tax Advisers

Call +44 (0)330 024 3200 and discover how we can help you.

As a direct result of the COVID-19 pandemic a significant number of workforces have vacated their offices to work from home. Some business models have been altered to allow working from home to continue once restrictions are lifted.

We have noticed an increase in the number of commercial property purchases as a result of businesses downsizing. The vacant buildings are being purchased with the intention of converting them into residential spaces.

Conversions can potentially benefit from a reduced VAT rate on 5% or works which relate to converting the spaces to residential use.

Depending on its place in the construction chain, an entity can increase its cash flow by up to 15%.

VAT is a complex area and to avoid unnecessary costs and enquiries from HMRC advice should be sought as early as possible.

Do you need extra information?

Ruth Corkin - Prinicipal - VAT and Indirect Tax Advisory at Hillier Hopkins

Ruth has been involved with VAT for over 30 years. She started her VAT career as a Customs and Excise Officer in Essex and then moved into consultancy with a variety of well-known accountancy firms. She is well known in the VAT world and is the proud author of many articles and technical works.

Contact Ruth at or on +44 (0)1908 713860

Based at the following office - Milton Keynes, Watford and London