Government releases draft legislation on Residential Property Developer Tax for technical consultation. Clarifies definitions of residential property and associated activities.
The government’s consultation on a potential new tax, Residential Property Developers Tax (RPDT) closed last month. RPDT if enacted, will tax profits made from residential property developments from April 2022.
On 21 July the government published its 10 year strategy for the tax system. This included its plans to extend the Making Tax Digital initiative.