Historic Houses (HH) [Alliance member] have recently published research on Heritage Maintenance Funds, commissioned to an independent team of economists. The fund has existed since 1976 for maintenance and repair of significant buildings open to the public.
The income generated within them is now however taxed at 45%. The new Green Book compliant HH research shows that a tax rate reduced to 20% would be a win-win choice (benefit for the nation and the owners), and would help with access to and conservation of the historic environment, of which historic buildings are a significant element.
Loyd Grossman, Heritage Alliance Chair, wrote the forward to the report, which can be read here.
Read more also on IHBC News.