The Listed Property Owners’ Club is mounting a petition to reduce VAT to 5% on repairs and approved alterations to listed buildings.
In 2012, the Government removed the zero rate of VAT for pre-authorised alterations to listed buildings. This has had a significant impact on the conservation of historic buildings. Many owners of historic buildings find the constraints and complex nature involved with the care and repair of historic building a financial struggle.
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The reduction of VAT to 5% on repairs and approved alterations would make this financial constraint less burdensome and make a significant contribution to the conservation of our historic environment.
More information can be found at The Listed Property Owners’ Club. www.lpoc.co.uk