Residential Property Developer Tax: consultation
Consultation on the policy design of a Residential Property Developer Tax on certain profits from residential development activity. The consultation runs from 29 April to 22 July 2021.
The government has announced on 10 February 2021 that it would introduce a new Residential Property Developer Tax as part of its Building Safety Package. The tax is one of the government’s measures to bring an end to unsafe cladding, provide reassurance to homeowners and support confidence in the housing market. The government is consulting on the design of that tax ahead of its inclusion in the 2021-22 Finance Bill. The consultation runs until 22 July 2021.
The government has now published a draft legislation of the RPDT for technical consultation. This consultation runs from 20 September until 15 October 2021.