Developer calls for 0% Vat on building materials to deal with inflation crisis
The heads of a property development and construction materials company also want the government to abolish Vat on new housing developments
The government should temporarily abolish Vat on construction materials used in housing and retrofits as part of its response to the current inflation crisis, the heads of a Dublin-based property developer and building materials business have said.
Husband and wife duo Emma Maye and Alan Hegarty, who own the Ardale Property Group, said the recent inflation in the cost of building materials was making renovation projects, extensions and new homes unviable.
“I think the government needs to zero-rate the Vat on building work,” Hegarty told the Business Post.