A new self build home is zero-rated for VAT. Other tax advantages for the self builder include exemption from capital gains tax when the self build home is sold.
Land for sale is subject to Stamp Duty Land Tax, and only if the purchase price is above the ￡120,000 threshold, ￡150,000 in disadvantaged areas.
A building plot for sale can take up to 35 percent of the total budget of the self build. And beyond planning, locating and buying a building plot for sale is the first step in realising a self build home - and arguably the hardest and most important.
Building plots for sale with planning permission can be very expensive, however plots for sale without planning permission can offer a big saving, but there are no guarantees that permission will be granted.
Plots for sale next to an existing development may increase the likelihood of planning permission being granted. You may also benefit from already established communications and have easier access to services including electricity and water.
When searching for building plots for sale, the Internet contains a wealth of information on locating plots for sale. From subscription service websites, email alerts when plots come on the market, the Internet has the most up to date information on availability.