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VAT on second homes

Submitted on Friday 1st June 2012

Published on Thursday 7th June 2012

Current status: Closed

Closed: Friday 7th June 2013

Signatures: 8

Tagged with

Money

Petition Action

VAT on second homes

Additional Information

Second homes should be subject to VAT.

They are luxury items, their purpose either for leisure or for business, as letting or resale, and thus should have VAT charged on them as would be on any other items in these categories. This would have the combined effect of raising money for the treasury and releasing more property for single home, and first time, buyers, reducing housing prices at the same time.


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