Building costs of £1200/m2 for extensions, are they inclusive of VAT

MrTymi

On the website there ar a number of quotes for how much building an extension costs/m2, typically in Surrey in the range £1100-£1500. Does this include VAT, as at 20% that can make a rather large hole in any budget ?:o

Furts

Hi Mr Tymi and welcome

The truth is we do not know having not seen the articles. That said there is a huge variation in the figures you are quoting, so nobody could accurately budget on them. If pushed for an opinion I would say they include VAT because all domestic extensions are subject to VAT. Or to put another way, you do not get a price list for cars then add 20% VAT, In this respect an extension is no different.

keystone

Furts wrote: »

The truth is we do not know having not seen the articles.

Commonly quoted numbers. I think you have misunderstood what he is talking about.

That said there is a huge variation in the figures you are quoting, so nobody could accurately budget on them.

Actually he's misquoting. These "typical" numbers relate to £s per sq m for a single storey extension and a double storey extension. So £ 1,100 single and £ 1,500 double. It isn't a window with a wide variation as you have surmised. By no means are these numbers suitable for budgeting - "rough order of magnitude to see if I am in the ballpark" is what they are.

If pushed for an opinion I would say they include VAT because all domestic extensions are subject to VAT.

That, if I might say so would be a rather rash assumption. Exclusive is a much better bet than inclusive.

Or to put another way, you do not get a price list for cars then add 20% VAT, In this respect an extension is no different.

LoL. Please tell me where there is a standard retail price list for an extension. Its completely different - sorry to be blunt. Each requirement has to be quoted individually by the three (or more) builders selected to provide competing quotations for the scope and specification required by the client.

Cheers

Furts

keystone wrote: »

Commonly quoted numbers. I think you have misunderstood what he is talking about.

Actually he's misquoting. These "typical" numbers relate to £s per sq m for a single storey extension and a double storey extension. So £ 1,100 single and £ 1,500 double. It isn't a window with a wide variation as you have surmised. By no means are these numbers suitable for budgeting - "rough order of magnitude to see if I am in the ballpark" is what they are.

That, if I might say so would be a rather rash assumption. Exclusive is a much better bet than inclusive.

LoL. Please tell me where there is a standard retail price list for an extension. Its completely different - sorry to be blunt. Each requirement has to be quoted individually by the three (or more) builders selected to provide competing quotations for the scope and specification required by the client.

Cheers

Hi keystone

I have not made myself clear. My point is car prices include VAT and so should extensions.

I am well aware of guide figures but they need reading with care. One could almost say it is dangerous allowing the general public access to such figures.

If produced for new build this is quite different to an extension. You know the reasons be it one storey or two, refurb, etc

All building projects need proper pricing - I have never suggested otherwise.

phill99

MrTymi wrote: »

On the website there ar a number of quotes for how much building an extension costs/m2, typically in Surrey in the range £1100-£1500. Does this include VAT, as at 20% that can make a rather large hole in any budget ?:o

I don't think you should pay to much heed to these figures.

You would be better to get some quotes to give you a realistic figure and that way you will have realistic price to work off.

keystone

Furts wrote: »

I have not made myself clear. My point is car prices include VAT and so should extensions.

Well actually that might not be the case. Typically the building trade works ex VAT.

All building projects need proper pricing - I have never suggested otherwise.

Yes you are right - you didn't and I didn't mean to imply that you did if I did IYSWIM.

Cheers

southcoastrgi

Furts wrote: »

Hi keystone

I have not made myself clear. My point is car prices include VAT and so should extensions.

but as KS said the building trade doesn't work like this, get a trade price book all prices are + vat, yes you are right with most private cars however buy a commercial vehical ie a van & the prices shown on the windscreen will be plus vat, insurance is a prime example if you claim for an accident, you as a private person just pay the excess but if you are vat reg you have to pay the excess & all the vat on the repair

Furts

A number of us may be missing the point here. If the OP was looking at "retail" web postings then VAT should be included. If a trade site then prices plus VAT. Then tables such as those in self build magazines are sub divided into various sections

And the prices are only a guide...

keystone

Furts wrote: »

A number of us may be missing the point here.

Yes M8 - 'tis you!

If the OP was looking at "retail" web postings then VAT should be included.

The OP has been finding postings on this board answering "can anyone give me a price for ......." There are lots of them here if you do a search. He has not been looking at articles anywhere and he has not been looking at "retail" web postings.

And the prices are only a guide...

Isn't that what "rough order of magnitude" means?

Cheers

davidlizard

We got three quotes for our extension that will hopefully start shortly - two were inclusive of VAT and one was not. The one that was not inclusive of VAT was more expensive than one of the VAT inclusive ones, even without VAT!

The figures quotes are roughly those I received from the one we chose, which were inclusive of VAT. However ours has a lot more things in like kitchens, bathrooms and the like that will distort it somewhat.