Cladding tax

Cladding tax to cost Britain’s biggest housebuilders £205m a year

The latest research from the real estate debt advisory specialists, Sirius Property Finance , has found that the cladding tax introduced in yesterday’s Budget could cost the nation’s biggest housebuilders £205m a year.

Yesterday the Chancellor confirmed a new Residential Property Developer Tax will be introduced from April next year to ‘ensure that the largest developers make a fair...

Apartment Building

Developers could face tax on profits as high as £50m if government succeeds with new cladding tax

The latest research by London lettings and estate agent, Benham and Reeves , has found that the UK’s 10 biggest developers could each face a potential average tax bill of £25 million per year, if the government succeeds in its attempts to introduce a new residential property developer tax.

In the wake of the Grenfell Tower tragedy in 2017, it has become clear that high-rise...