Quote:
Originally Posted by Ramrod
Ah, got it. Ta 
Damn right developers want a minimum of 20% profit as (iirc) once they sell the property they are liable to capital gains tax at 28 or 29%.
Factor that onto build costs, land costs, wages , commercial loan costs (both servicing the loan & setting it up) and then the uncertainty of future house sales prices and you would want 20% as well: |
Wouldn't big business pay corporation tax not capital gains and besides I don't think it applies and even if it isn't, all that is already factored in the price and they still want 20% on top, why? they didn't need that amount five or ten years ago, not on each and every house built at any rate.