The Government is consulting on the design of the new Residential Property Developer Tax, ahead of its inclusion in the 2021-22 Finance Bill. The tax is one of two revenue raising measures to help pay for the Government contribution to the costs of remediation of unsafe cladding.
As previously announced, the new tax is time-limited and is to apply to the largest residential property developers in relation to their income from UK residential development.
The consultation runs until 22 July 2021.
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