Oracle Windows Solutions, specialist suppliers and installers of wooden windows and doors are sad to announce that the campaign to stop the 20% tax increase on alterations to listed buildings was unsuccessful.
The Finance Bill 2012 was approved by MP’s last Tuesday, meaning that from 1st October this year, approved alterations to listed buildings will no longer be tax free, but subject to a 20% increase.
There were, however, three major alterations as a result of our efforts together with those of other organisations.
1. Providing owners had applied for Listed Building Consent before 21st March this year, zero rating will still apply for approved alterations (originally work had to have been started or a written contract in place before 21st March)
2. Owners now have until 1st October 2015 to complete the work instead of 1st October this year.
3. The government have increased their grant scheme for repairs and alterations to places of worship by £30m stating it will provide 100% compensation to listed places of worship.
Ultimately the campaign was unsuccessful, but Oracle Windows will continue to follow all other options before we consider the war lost.
To find out more about wooden windows and doors, visit the Oracle Windows Solutions website, or make an appointment to have a look round our showroom on 01623 631 116