VAT *LINK*

[Anonymous]

Published on the Letters page today...

Let's hope Mr Brown listens to these people!


http://www.guardian.co.uk/letters/story/0,,1735445,00.html

 

[Anonymous]

Not that you are biased regarding one of the signatories to that letter, Ev!!!!!

)

 

[Anonymous]

Well, Richard is a former Sec of SAVE and now researches and writes for Pevsner, is on the Committee of the AMS etc (Adam is a Trustee of Maintain amongst other things) and I reckon the other two know what they are talking about also!

I posted a piece from Heritage Link about all this last week, and I totally agree - it's time the VAT situation was sorted out. Many organisations and joint committees have been campaigning on this one for a very long time.

It is ludicrous that you can claim VAT back when altering a Listed building, but not for repair.

It is madness that new build gets zero rating but repair of existing you have to pay the full amount. Some tax incentives for retention and repair would be useful.

Instead there are tax incentives for demolition and making a brownfield site! That way you can actually claim back 150%!

http://www.schmidtreport.co.uk/Subscribers/sub1.html
“Here’s a quick reminder to readers involved in property development that the tax incentives on any regeneration of brown-field sites mean that “qualifying land remediation expenditure” is eligible for up to 150% tax relief. In plain English if you spend £50K making previously developed land (a brown-field site) suitable for say housing _ and then build those houses – you can claim £75K tax relief. The relief exists because the government want to see new dwellings built on previously developed land. It is a fantastic method of boosting property profits"

http://www.schmidtreport.co.uk/Subscribers/sub1.html
“Here’s a quick reminder to readers involved in property development that the tax incentives on any regeneration of brown-field sites mean that “qualifying land remediation expenditure” is eligible for up to 150% tax relief. In plain English if you spend £50K making previously developed land (a brown-field site) suitable for say housing _ and then build those houses – you can claim £75K tax relief. The relief exists because the government want to see new dwellings built on previously developed land. It is a fantastic method of boosting property profits"

See Pathfinders...

 

[Anonymous]

I gather, from the reports I've read so far, that Mr Brown didn't actually listen...


http://www.guardian.co.uk/letters/story/0,,1736269,00.html