The IHBC is calling for signatories to the Listed Property Owners Club (LPOC) petition to the Chancellor for reduced VAT on select listed building (LB) works, with the IHBC’s Chair stating that ‘it is perverse that repairs should be subject to VAT when new development is not’, so if you agree then please sign the petition, now at c.9260!
IHBC James Caird, IHBC Chair said: ‘The IHBC has campaigned for many years for VAT on repairs to historic buildings and supports the Listed Property Owners’ Club in this petition.’
‘Buildings are listed because of their importance to the nation and lower VAT on repairs to listed buildings is one way the nation could support owners in their common goal.’
‘Good maintenance is the key to low ownership costs and it is perverse that repairs should be subject to VAT when new development is not.’
For more information and to sign the petition visit https://www.lpoc.co.uk/campaign-for-owners/ and encourage your colleagues, clients and customers to do the same.
See more on LPOC advocacy
For more background see the IHBC NewsBlog