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Housing row hots up

Language: English Series: Estates Gazette ; (9851) 19 December 1998, 16(1)Publication details: 1998Subject(s): Summary: 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.

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.