22 Jul 2021

The government announced on 10 February 2021 that it would introduce a new Residential Property Developer Tax (RPDT) 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.

In April the government published a consultation on the design of the Residential Property Developer Tax ahead of its inclusion in the 2021-22 Finance Bill. In AREF’s response, which was submitted on 22 July 2021, AREF put the case forward for the build-to-rent sector to not be in scope for this tax.



Jacqui Bungay

Jacqui Bungay

AREF Policy Secretariat , AREF

Jacqui provides policy guidance and secretariat services to the AREF Board and AREF Management Committee as well as the following AREF Committees: Corporate Governance, ESG & Impact Investing, Investor, Public Affairs, Research and Information and Retails Funds. In addition, Jacqui monitors members’ compliance with AREF’s Code of Practice. 

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration at Natwest Trustee & Depositary Services.