Harry Harrison

speaker

47 appearances 1 recordings 1 series first heard Oct 2025 last heard 8 Oct

Harry Harrison’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Oct 2025 with 1.

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Breakfast Business with Joe Lynam · What does Budget 2026 mean for companies large and small? · 8 Oct 2025 podcast

And I think when you stand back and look at housing, you know, what we've been saying for a while now is, you know, there's no silver bullet that's going to fix the supply shortage.

But you can use tax policy and use a number of levers as part of tax policy to help with that supply.

And I think that's what we saw as part of the budget yesterday.

So you mentioned the VAT cut down to 9%.

But there's a number of other things that were introduced that I think would be quite welcome.

There's enhanced tax deductions for those developers, up to 125% of the spend, up to €50,000 per apartment.

There's initiatives around exempting profits where they develop apartments in the cost rental scheme.

And then there's the residential development, stamp duty refund.

So if they do a multi-phase development of apartments, they'll get a refund of the stamp duty that they paid on buying the land in the first place.

I think when you take all that together, there's a lot there for them.

Yeah, I think we were.

I mean, I think going from 30% to 35%, I mean, it was muted to be about 32%, so to get to 35%, I think, is welcome.

Going back to Dune's point, you know, there is some signaling around some future changes in the future.

There's a talk about moving into sort of an innovation incentive, maybe an innovation credit.

I think we need to see what that looks like.

What he's talking about is an R&D compass, which is kind of the future of the R&D regime.

I think we need to see action on that and action on that soon, going back to the competitiveness point that I mentioned at the start of the show.

Correct.

So at the moment, there's a derelict site levy, which applies at 7% of the site value every year.

That's going to be replaced by a derelict properties tax, which the rate isn't confirmed, but it has been said it will be at least 7% of the site value.

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