TaxPersonal TaxNew grant to protect church buildings

New grant to protect church buildings

The government will introduce a new grant for the repair of listed church buildings, to come into effect on 1 April.

The grant will, in effect, reduce the amount of VAT paid on restoration work from 17.5% to 5%, and will apply to buildings in both rural and urban areas. It is expected to cost the government between Pounds 35m to Pounds 40m annually.

Introducing the grant, the chancellor said churches were ‘essential centres for civic life’ at the heart of ‘Britian’s rich heritage as a nation’, and the purpose of the grant was to save this heritage.

In another measure aimed at the community, Brown said his administration would consider the best way for the tax system to aid ‘thousands of non-profit sports clubs’ and to ‘recognise their contribution to community life’.

Links

Budget 2001

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