The government has published draft legislation for the Residential Property Developer Tax. The legislation will be open for technical consultation until 15 October 2021.

The tax originally went out for Consultation from 29 April to 22 July 2021 and received 130 responses. The draft legislation has been published for technical consultation ahead of its introduction in the 2021-22 Finance Bill. It is intended to target large corporate property developers and the amounts raised will be used to help fund the government's cladding remediation fund.

The legislation sets out:

The consultation will run until 15 October 2021 and submissions can be sent to This email address is being protected from spambots. You need JavaScript enabled to view it.. The final details of the tax will be announced at the Autumn Budget on 27 October 2021.

Useful guides on this topic

Consultation on Residential Property Developer Tax
HM Treasury has published 'Residential Property Developer Tax (RPDT): Consultation on policy design', a new tax that forms part of its Building Safety Package ahead of its inclusion in the 2021-22 Finance Bill. This measure targets only the largest developers.

External Links

Residential Property developer Tax: draft legislation 

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