Background
Generally, the construction of a new dwelling is subject to a VAT rate of 21%. However, those who demolish an old dwelling and build a new one on the same plot can, under certain conditions, benefit from a reduced rate of 6%.
- New permanent scheme
- Transition scheme for the 32 cities measure and the sale of rebuilt homes to end in late 2024
- Legislative proposal
Source: VAT Consult (via LinkedIn)
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