Development Settings: Edit Development - SPV & VAT

Please note, depending on your user role, the following actions may not be available to you.

Before making any changes below, the development must be taken Offline to commit changes, then once saved, set Live once again. You can do this at the top of the page by clicking the 'Take offline' or 'Set live' button.

This section is used to denote your Special Purpose Vehicle. If you don't know what this is, you likely will not need to use this section. However, if you are unsure please contact your Account Admin to enquire. You can find out more about SPVs by visiting this Investopedia article.

Once an SPV has been set, it will over ride certain fields on the Reservation Agreement and other documentation from the Development's Information to whatever the SPV is set to. For example, in the screen shot below, the Seller/vendor information on the left is without an SPV being defined, and the right side is with an SPV defined in this section:

To set a custom SPV, simply enter the appropriate details into the fields. The field are as follows:

  • SPV name
  • SPV billing address 1
  • SPV billing address 2
  • SPV billing town
  • SPV billing county
  • SPV billing postcode
  • SPV billing country
  • VAT number

Once you are sure the SPV details you've entered are correct, simply click 'Done' to commit the changes.

Please note - this will only after reservations completed past this point. It will not retroactively amend previous reservations that have been completed or partially completed. However, if a detail is edited in a reservation during the 'Review and Edit' step at any point (pre or post completion), the reservation agreement will need to be regenerated and require signing by the stakeholders again and have the updated details on the agreement. For information on how to Review and Edit a reservation please refer to this article: Amend Reservation Feature

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