The CIF 7 point plan for boosting house building

Brendan Burgess

Brendan Burgess

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1. To create incentives for new home purchasers such as a property tax rebate, a partial rebate of the development levies paid to developers and additional tax allowances for first time buyers.
2. Replace Part V development contribution for social and affordable housing with a 1 per cent levy across the sales of all housing - new and old.
3. Introduce a temporary 9 per cent VAT rate for residential construction.
4. Create a special development finance fund.
5. Establish a ‘Help-to-Buy’ scheme
6. Create a tax incentivised special savings scheme.
7. Restore full interest relief for investment in residential property for letting purposes.

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8. Get your members to pay the millions they already owe to local authorities first, then we can talk.
 
9. Engage in modern manufacturing practices and significantly reduce the cost of building.
 
10. Build in accordance with building standards and deliver quality workmanship in the process.
 
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