Frustration Mounts as VAT Exemption for Developers Plunges Real Estate Sector into Chaos

2023-10-11 12:07:25

The non-renewal of VAT at 6% for developers on demolitions and reconstructions has plunged the sector into incomprehension. At the UPSI, we don’t get angry. Article reserved for subscribers Responsible for “Soir Immo” By Paolo Leonardi Published on 10/11/2023 at 2:07 p.m. Reading time: 3 min

The Professional Union of the real estate sector is furious, it is no small thing to say. In question, the decision taken by the government as part of discussions on the budget on VAT at 6% for demolitions-reconstructions. As we know today, this will only be renewed in 2024 for individual constructions, by which we mean individuals. Clearly, anyone who demolishes and rebuilds their house will benefit from reduced VAT.

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