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Temporary reduction of sales tax on renovations


Government ministers De Jager (Finance) and Middelkoop (Housing) have announced a temporary lowering of the sales tax on home make-overs from 19% to 6%.

The reduction is to take effect on October 1, 2010 and will last until July 1, 2011, Telegraaf reports. The care-taker government hopes that this will soften the blow of the crisis for the building sector.

Some of the rules for the lower tax are:

  • Only for houses of two years and older.
  • Only for labour costs.
  • Only for improvements that will raise the resale value of your house.

(Photo by Yola de Lusenet, some rights reserved)

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