Treasury proposes tax on developers' profits from land with housing applications or permissions

The Treasury has published draft legislation for a new tax that will be levied on large developers' profits from buying and selling land with planning applications or permissions for new homes, including sites where the housing is yet to be built, to contribute to the government’s cladding remediation costs.

by Ellie Kahn
Land for development: The RPDT would apply to land where planning permission is being sought or has been granted (Pic: Getty)
Land for development: The RPDT would apply to land where planning permission is being sought or has been granted (Pic: Getty)

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