UK HMRC Consulting on Draft Legislation for Residential Property Developer Tax
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 develop…
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