Telford Homes is appealing to the VAT tribunal over the tax rating of live/work units on a scheme in Greenwich, south east London, in a case that could have important implications for developers.

Feb. 1, 2003
Customs and Excise has assessed that Telford is liable for VAT on that part of the new properties that it considers not for residential use and has charged the firm &£29,000 on the sale of the first &£550,000 unit. But Telford argues that the properties were not designed as live work units. &“This comes down to the definition of live/work …

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