Home builders react angrily to VAT on new housing
The Irish Home Builders' Association (IHBA) has reacted angrily to at the measures announced in today's Budget, complaining that home buyers cannot recover the VAT element on new housing.
"Any increase in VAT will be reflected in the house price. Today's increase equates with an additional cost to the buyer of €2,000 for house costing €200,000 or €3,000 in the case of a house costing €300,000," said Ciaran Ryan, director of the IHBA.
