VCONST03010 - Zero-rating major interest grants in buildings: about this section

This section provides guidance on when a person constructing a building can make a zero-rated major interest grant in it. VCONST10000 provides guidance on major interest grants in substantially reconstructed 鈥榩rotected buildings鈥�.

The zero rate applies to major interest grants in buildings that are:

  • 鈥榙esigned as a dwelling or number of dwellings鈥� (VCONST14100)
  • intended for use solely for a 鈥榬elevant residential purpose鈥� (VCONST15000)
  • intended for use solely for a 鈥榬elevant charitable purpose鈥� (VCONST16000).

There are occasions when the grant will need to be apportioned (VCONST03800).