VCONST04400 | Zero-rating major interest grants after a non-residential conversion: is the building the subject of a ‘non-residential conversion’: contents

A building is the subject of a ‘non-residential conversion’ when:

• before conversion it is ‘non-residential’ (for more information, refer to the guidance in the rest of this section)

and

• after conversion it is either a building ‘designed as a dwelling or number of dwellings’ (VCONST14100) or intended for use solely for a ‘relevant residential purpose’ (VCONST15000).

The zero rate does not apply to buildings intended for use, after conversion, for a relevant charitable purpose.