CIF – Construction Industry Federation – Budget Submission 2015

The Construction Industry Federation has released it’s Budget 2015 Submission. The Construction Industry Federation (CIF) is the representative body for construction companies & contractors working across all sectors in Ireland.

Some of the more interesting points are : –

  • Tax incentivised savings scheme for purchasers of new homes
  • Restoration of 100% interest relief for residential investment for letting purposes
  • Property tax exemption for first 5 years
  • Development levies rebate to new home purchasers
  • Temporary VAT rate of 9% for residential construction for 2 years
  • Extend capital gains tax relief to the end of 2015

The full 16 page submission if available to download here.

Updates: Some press coverage of the submission

Irish Independent: Windfall tax to be reduced under Government plans.

Irish Times: Built-in amnesia in building lobby’s plans. Cantillon: no surprise to see Construction Industry Federation with begging bowl again.