The impact of VAT on construction of commercial property

Abstract

Examines the impact of the 1989 Finance Act, imposing VAT on the construction sector. Concludes that there will be major discouragement to many development projects. Concludes that the worst‐hit elements are: financial sector tenants, weaker local property markets, large complex projects and commercial but “subject to contract” agreements.

Citation

Bennett, R.J. (1990), "The impact of VAT on construction of commercial property", Property Management, Vol. 8 No. 3, pp. 205-211. https://doi.org/10.1108/EUM0000000003364