- Zero-rating major interest grants in substantially reconstructed ‘protected buildings’: apportionment
Apportionment for qualifying parts of buildings
Zero-rating is only available to the extent that the grant relates to a qualifying part of a building.
The legal basis for this is the Value Added Tax Act 1994, Schedule 8, Group 6, Note 5.
This note works in the same way as Schedule 8, Group 5, Note 10 (VCONST17000).