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    The British Property Federation (BPF) represents the UK real estate sector, an industry which contributes more than £137.5bn to the economy and supports 2.7 million jobs – that’s one in every 13 jobs in the UK.
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Consultation Responses

BPF Response to Government consultation on draft RPDT legislation

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Published date:
18 October 2021
Tags
Living Sectors,
Tax & Finance

BPF Response to Government consultation on draft RPDT legislation

What: The BPF has responded to the Government’s technical consultation on the draft legislation for the Residential Property Developer Tax (RPDT). Final clauses will be included in the 2021/22 Finance Bill.

Our view: We welcome the decision to exclude PBSA and some BTR development, but call for further amendments to exclude all forms of BTR activity from the scope of the RPDT. We also call for all forms of affordable housing to be exempt from the new tax, and make a series of recommendations on how the RPDT regime can be simplified and how taxpayers can be supported as the new tax is introduced.

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