HMRC’s VAT policy on new build student accommodation has been successfully challenged. The case should bring significant cash flow savings for student accommodation contractors, although the application of the landmark judgement will depend on the precise circumstances of each development around the wording of planning consents.

A very interesting case, that if relevant, could have a big impact on certain contractors. Bearing in mind the volume of student developments in recent years, it could be huge, if nothing else it will certainly keep the accountants busy!