Pre-Budget Report, economy uk, pre-budget economic, Treasury, Corporate Tax, Pensions, reform, R&D, Research and Development - ukbudget.com
 
Pre-Budget Report, economy uk, pre-budget economic, Treasury, Corporate Tax, Pensions, reform, R&D, Research and Development - ukbudget.com

Pre-Budget 2007 > Individuals > VAT and housing
 

 

VAT and housing

From 1 January 2008 the reduced VAT rate of 5% will apply to renovation work on residential properties where those properties have been empty for two years (the current qualifying period being three years).
 

Our view
This is a helpful measure in extending the scope of the reduced rate.

 
   

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