HM Revenue & Customs and HM Treasury are exploring tax policy reforms to incentivise residential property developers and owners to reduce carbon footprints and improve environmental performance. The policy considers using stamp duty, council tax, and other tax mechanisms to penalise environmentally regressive properties and reward retrofitting and carbon reduction measures.
In response to: Residential Property Developer Tax
This tax information and impact note details a new Residential Property Developer Tax.
The government is seeking your views on the draft legislation of the Residential Property Developer Tax ahead of its inclusion in the 2021-22 Finance Bill.
This technical note and guidance explains the new legislation to ensure that profits from trading in UK land are fully taxed.
This Tax Information and Impact Note explains an extension to the package of taxes that affect residential properties held by non-natural persons.