Tax Implications of buying and owning a listed building:
Stamp duty land tax (SDLT): This is paid when purchasing a property in England or Northern Ireland, including listed buildings. Rates can vary, and there are different rules if you're a first-time buyer or own multiple properties.
VAT exemptions: Certain renovation and alteration works on listed buildings may be exempt from VAT. However, this is subject to specific criteria and regulations.
Capital gains tax (CGT): If the listed building is not your main residence and you sell it at a profit, CGT may apply.