Housing
Building body advises state to foster ‘green flipping’ model to boost retrofitting numbers
Stamp duty should be paid not by investors looking to retrofit and flip properties, but by the eventual buyer, says a new Chartered Institute of Building report
The government should defer stamp duty for investors looking to retrofit and flip properties in order to address “alarming” low levels of refurbishment, a new Chartered Institute of Building (CIOB) report has said.
The report from the industry group said such a policy could foster a “green flipping” business model, with the deferred stamp duty payment collected from the purchaser of the property when they sell it on.
It said that residential retrofits remain “stubbornly ...
