Profit and VAT rules favouring demolition over retrofit, study shows
A significant tax imbalance is pushing developers to choose demolition over retrofit. Research by the Ministry of Housing, Communities and Local Government (MHCLG) found that nearly half of industry respondents (49 per cent) saw VAT relief as a reason for favouring demolition instead of retrofit.… The post Profit and VAT rules favouring demolition over retrofit, study shows appeared first on Construction News.
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