Sunday Business Post Sunday, 13 October 2013 Page: 3

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seas assets last week as part of However, people will only the standard rate is 33 per cent. a plan to reinvest the money in be able to avail of such incentivesA Living City targeted pilot infrastructure projects. if they use a properly tax incentive - introduced last The government is also qualified contractor who is February to encourage regeneration The construction industry considering a request from the certified and tax-compliant. of Georgian and historic is expected to be one of Construction Industry Federation A new register of building buildings for residential the 'winners' in Tuesday's (CIF) to reduce the Vat and associated contractors purposes - is also set to be extended budget when the government rate applied to the sector from as previously reported in The outside the initial cities introduces a range of stimulus 13.5 per cent to 9 per cent, for Sunday Business Post - is expected of Limerick and Waterford. measures designed to help to start by next March, CIF director general Tom two years. boost the industry and create This measure was introduced in a bid to stamp out an active Parlon said that there "seems thousands ofjobs. for the tourism sector black economy in the sector. to be an understanding" that in July 2011, and is credited as These are understood to include Another measure to which the construction sector is nearing the progression of small one of the factors in the creation the government is giving serious recovery. and medium-scale capital projects of almost 10,000 jobs. consideration is a reduction "We just need a push in the through revenue raised The area of retro-fitting and in the rezoning tax right direction. This could be from the proceeds of stateowned energy efficiency is also likely - which was increased to 80 done through stimulating capital pension funds and the to be made more attractive to per cent under former Green spending, reducing the construction home owners through the introduction sale of Nama assets. Party environment minister Vat rate, or through It is believed that the state 's of rebates, tax credits John Gormley - to something a number of other measures National Pension Fund cashed or a grant system to act as similar to the rates of Capital which we have discussed with in around 600 million in over an incentive for spending. Gains Tax (CGT). At present the government," he said.

Builders set for budget boost

By Nicola Cooke Industry Correspondent