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
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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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