Housing row hots up
Housing row hots up
- 1998
- Estates Gazette (9851) 19 December 1998, 16(1) .
The Treasury is facing calls to impose a VAT rate of 5% on new housing, and to reduce the rate for refurbishment to the same level. The CPRE backs the suggestion, hoping that it would encourage the refurbishment of existing empty property and thus reduce greenfield development.
CPRE
GREENFIELD DEVELOPMENT
HOUSE BUILDING
BUILT ENVIRONMENT-BUILDING MAINTENANCE AND REFURBISHMENT
VALUE ADDED TAX
The Treasury is facing calls to impose a VAT rate of 5% on new housing, and to reduce the rate for refurbishment to the same level. The CPRE backs the suggestion, hoping that it would encourage the refurbishment of existing empty property and thus reduce greenfield development.
CPRE
GREENFIELD DEVELOPMENT
HOUSE BUILDING
BUILT ENVIRONMENT-BUILDING MAINTENANCE AND REFURBISHMENT
VALUE ADDED TAX