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. The consultation runs until 22 July 2021.
AREF’s Tax Committee, with the assistance of AREF’s Residential Funds Working Group, are considering AREF’s response to this consultation. If you would like to contribute to this response please email email@example.com.