6% VAT on housing: the tax benefit you can’t afford to miss

The reduction in VAT to 6 per cent on the construction and renovation of owner-occupied and permanent housing or housing intended for letting was presented as a central element of the new tax policy.

The reduction in VAT to 6 per cent on the construction and renovation of owner-occupied and permanent housing or housing intended for letting was presented as a central element of the new tax policy for housing. In a country with a housing shortage and prices under severe pressure, cutting taxes seems almost self-evident. The problem is that, in taxation, the simplicity of the announcement rarely matches the simplicity of the scheme itself, and even less so that of its implementation by the tax authorities.

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