Proposed Residential Property Developer Tax: IPF Survey of large-scale participants in the residential investment market
14
Jul
2021
Proposed Residential Property Developer Tax: IPF Survey of large-scale participants in the residential investment market
In April 2021, HM Treasury published a consultation paper outlining a proposed Residential Property Developer Tax (RPDT). The proposal envisages a tax on the profits of larger-scale companies and groups developing UK housing, the proceeds of which will be used to help fund government grants to long leaseholders of properties affected by the cladding safety issues, brought to light by the Grenfell Tower tragedy.
In order to quantify the impact of the proposed RPDT on residential investment appetite and intentions, the IPF canvased key large-scale participants in the residential investment market, via a short survey. The survey was carried out over a short period of time (just over three weeks) and a total of 28 responses were collected. Twenty-three of these 28 respondents contributed to the main 2020 IPF Residential Survey, representing 48% in terms of number of contributors and 53% of the assets under management covered by that publication.
