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Campaigners demand construction tax breaks

Campaigners have called on the next government to reform tax to encourage large-scale institutional housebuilding

Surveyors, property investors, mortgage lenders and landlords have joined together to urge the incoming government to back a large-scale rented sector, like that in America or Europe, by giving investors a better system of taxation.

The Property Industry Alliance claimed that thousands of homes and jobs would be created in major projects, with deprived areas feeling the benefit of potential investment.

The group - whose members include the British Property Federation (BPF), Investment Property Forum and Royal Institution of Chartered Surveyors - would also like the government to promote equity investment.

BPF chief executive Liz Peace said: ‘The public are bored of countless political promises to fix our housing crisis and while there is no silver bullet, it’s clear that we need to look at new avenues of finance.’

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