Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

VAT CHANGES COULD FILL EMPTY HOMES

  • Comment
Reforms to VAT rules that could make the restoration of exisitng properties in urban areas more viable and save gre...
Reforms to VAT rules that could make the restoration of exisitng properties in urban areas more viable and save green belt land from over-development are discussed in the Independent (Section 2, p9).

At the last count conducted by the empty homes agency it found there were 765,000 empty homes in England and a further 800,000 vacant properties were identified that could be adapted for housing use.

Many of these homes are empty because VAT rules mean it is often cheaper to build new homes than renovate old ones.

There are also calls for the government to introduce fiscal penalties on new building in green belt areas to balance the high costs of cleaning heavily polluted inner-city sites.

The article also examines examples from several councils on how they are trying to use existing housing stock.
  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.