VAT on house extensions
A friend in the building trade mentioned that he had read somewhere about a proposal in the pipeline to abolish VAT or zero rate work done on an extension to a house. The intention behind this idea appeared to be an incentive for people to build an extension to an existing house rather than building new on a greenfield site.
Has anyone heard about this? Is there any serious mentions of timescale for this?
I would appreciate any information as I have been unable to locate any via the usual channels.
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