VCONST02240 - Zero-rating the construction of buildings: is a building being constructed: what the term 鈥榚xisting building鈥� means
The law identifies 鈥榓n existing building鈥� by setting conditions to decide when an existing building ceases to exist. These conditions are contained in the Value Added Tax Act 1994, Schedule 8, Group 5, Note 18.
They are:
- the demolition test (VCONST02250)
- the fa莽ade test (VCONST02260).
An existing building remains when neither of the tests is passed.