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Tax shake-up for house building

Series: Financial Times ; 22 February 2000, 2(1)Publication details: 2000Subject(s): Summary: In next month's Budget, government wants value added tax on new housing to encourage developers to renovate old buildings rather than build new ones on greenfield sites. At the same time there would be a cut in VAT on refurbishment.

In next month's Budget, government wants value added tax on new housing to encourage developers to renovate old buildings rather than build new ones on greenfield sites. At the same time there would be a cut in VAT on refurbishment.