Residential Property Developer Tax
This tax information and impact note details a new Residential Property Developer Tax.
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Linked documents
- Policy Paper Residential Property Developer Tax
▤ Verbatim text from source document
This measure will introduce a new tax on company profits derived from UK residential property development.
The tax will be charged at 4% on profits exceeding an annual allowance of £25 million and will be included in the Corporation Tax returns of those companies liable to the new tax.
You can read the Residential Property Developer Tax: consultation and response for more information.