By David Parsley2021-10-28T10:21:00
The Government’s new cladding tax introduced in yesterday’s Budget could cost the nation’s biggest housebuilders £205m a year, according to Sirius Property Finance.
During yesterday’s Budget and Spending review, Chancellor Rishi Sunak confirmed a new Residential Property Developer Tax (RPD) will be introduced from April next year to ‘ensure that the largest developers make a fair contribution to help pay for building safety remediations’.
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