Residential Property Developer Tax
This tax information and impact note details a new Residential Property Developer Tax.
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Details
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 拢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.