Tuesday 17 September 2019

Antique dealers seek special tax status as green business in Budget

 

Finance Minister Paschal Donohoe. Photo: Gareth Chaney, Collins
Finance Minister Paschal Donohoe. Photo: Gareth Chaney, Collins
Claire Murphy

Claire Murphy

Ireland's antique dealers are looking for special tax status as a green business in next month's Budget.

Their low carbon footprint has led the Irish Antique Dealers Association (IADA) to seek an exemption from Vat for its business.

"The antique trade has one of the lowest environmental impacts of any industry," said Paul Brereton, president of the Irish Antique Dealers Association.

"An antique chair has a carbon footprint 16 times lower than a recently manufactured piece."

The association, which hosts Timeless, the 54th annual Irish Antique Dealers Fair, at the RDS Shelbourne Hall from tomorrow to Sunday, believes the business plays a special role in environmental protection.

In a pre-Budget letter to Finance Minister Paschal Donohoe, it has asked him to investigate removing the 13.5pc Vat rate from antiques, both at point of sale and during restoration.

Irish Independent

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