Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Consultation on the residential property developer tax

07 June 2021 / Elizabeth Small
Issue: 4795 / Categories: Comment & Analysis
Learning from the past

Key points

  • The Grenfell Tower tragedy led the government to announce a £3.5bn fund to fix dangerous cladding on high-rise buildings and loans to leaseholders in lower-rise buildings.
  • The government proposes the loan scheme would be paid for by the residential property industry – partly through the residential property development tax.
  • The RPDT would apply for ten years from April 2022.
  • It will focus on the largest companies that make money from UK residential property development.
  • Anti-avoidance rules will be needed to prevent the tax mitigation strategy of delaying completion of the project to after April 2032.
  • A key factor will be the calculation of profit.

The Grenfell Tower tragedy (14 June 2017) caused 72 deaths and more than 70 serious injuries. Four years on many hundreds of thousands of people are still living in homes that are clad in aluminium composite material (ACM). It is made from polyethylene...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon