New figures released by the Conservatives show that around two million vendors have paid a combined total of £657.6 million since the controversial scheme was launched amid opposition from estate agents in August 2007.
Also known as Sellers’ Packs, HIPs have raised £94 million for Government coffers in the form of VAT which must be paid on the information bundles containing searches and surveys which all vendors must produce before putting their property up for sale.
Doesn\’t sound like very efficient tax raising really, does it? But this is the fun bit:
\”HIPs will be history under a future Conservative Government, with only the useful energy performance certificate surviving.\”
You mean that the Tories will keep the one part that the European Union insists must be there? That they\’ll say that what they cannot get rid of will be \”useful\”?