Written Question·Treasury·UIN 9957
Property Development: Taxation
Tabled: 18 October 2024
Answered: 28 October 2024
Question
Paul Holmes
Conservative — Hamble Valley
To ask the Chancellor of the Exchequer, what estimate she has made of the revenue raised by the Residential Property Developer Tax.
Answer
James MurrayThe Residential Property Developer Tax (RPDT) is a 4% tax on the most profitable businesses undertaking UK residential property development to help pay for building safety remediation. The tax applies to developers' profits exceeding an annual allowance o...
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