Refurbishing old buildings reduces emissions – but outdated tax rates make it expensive

Existing buildings already embody significant CO₂ emissions, which makes it all the more important to upgrade and refurbish – rather than demolish and rebuild – wherever possible. But as it stands, the UK’s tax system actually puts a significant financial penalty on refurbishment, while incentivising new construction. It’s time for that to change, says Walter Menteth

This content is available only to PrimeResi Professional Members. If you have a membership login below, otherwise join Prime Resi today for full access to the Journal of Luxury Property.