Mica: State warned cost of €800m levy on builders ‘will be passed onto buyers’
Construction Industry Federation says plan to raise €80m per year for a decade from builders to help fund €2.7bn scheme will risk the ‘viability’ of new building schemes
The government’s plan to impose an €800 million levy on the construction sector to help pay for mica redress will result in even higher costs for buyers amid “extraordinary” cost inflation, the building industry has warned.
The Construction Industry Federation (CIF) has said that levying builders as part of the package to pay for defective blocks would have a “negative impact on the viability of building and housing schemes”.
It comes as officials in the ...