UK HMRC has launched a public consultation on draft legislation for the new Residential Property Developer Tax (RPDT) ahead of its inclusion in the 2021-22 Finance Bill. The draft legislation provides that the RPDT will be charged on RPD profits exceeding the developer's allowance in relation to a chargeable accounting period as if it were an amount of corporation tax chargeable on the developer. RPD profits or losses in relation to an accounting period will be calculated according to the fo…