Seanad debates
Wednesday, 26 March 2003
Finance Bill 2003 [ Certified Money Bill ] : Committee and Remaining Stages.
The second imposition that the Minister introduced was the 1% VAT increase on house prices from 12.5% to 13.5%. The impact on the cost of building a house is dramatic. A huge burden is added in respect of the additional mortgage that must be negotiated by house buyers to get a roof over their heads.
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