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Bishop Fleming VAT expert to address national listed buildings event
A South West VAT specialist will soon be in the spotlight trying to save millions of pounds for owners carrying out work on landmark buildings
Dave Brown, of Top 50 accountancy firm Bishop Fleming, will be lecturing next week on reclaiming and reducing the tax burden during the Listed Property Show.
The event, organised by the Listed Property Owners’ Club, takes place at London’s Olympia on 23rd and 24th February.
Mr Brown attends the event on the back of an impressive recent record that includes achieving savings for the owners of a moated house in Norfolk and a Grade 1 listed mansion in Oxford, and achieving 100 per cent VAT relief on the conversion of a listed townhouse in Bath.
Dave Brown will operate from the club’s stand and be part of a Bishop Fleming presence that will also involve David Savill, the partner who heads up the firm’s property and construction sector team.
The pair’s experience is based on working within one of the largest concentrations of listed buildings in the UK – there are almost 70,000 throughout the South West, the vast majority of which are family homes.
In many cases these properties have special exemption from paying VAT to building contractors carrying out extensions and alterations.
“The problem is that this fact is not widely enough known, and owners are unnecessarily paying out millions of pounds,” says Dave Brown. “There are vast sums involved that could and should be reclaimed.”