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.