Get support bringing your empty property back into use
If you own a property or properties that currently are empty, the council can support you to return these properties back into occupancy through process grants, repairs in exchange for agreed council leases, advice and support in letting and supported sale of properties.
Empty property VAT reductions
Your VAT costs can be reduced when refurbishing your empty property or converting a vacant commercial space for residential use. You might qualify for a reduction of VAT to 5% if:
- the property has been empty for minimum of more than two years before you start renovation work
- the property will be used for residential purposes after completion of the works
- you will be using builders to complete this work.
You might qualify for zero-rated VAT for a property that has been empty for more than 10 years before you start renovation work, and it will be used as a residential home for you or your family.
Further information can be found at VAT for builders.
Empty Property Renovation Grant
If you have an empty property that requires significant repairs or renovations to return it back to occupation, the Council may be able to support you with a grant in order to do so in exchange for an agreed lease period for Lambeth Council tenants.
Please contact us in order to discuss your support options and to obtain a necessary letter as evidence that a property has been empty for the relevant qualifying period.