Dr Matthew Offord: To ask the Secretary of State for Housing, Communities and Local Government, whether the Government plans to recoup the costs of the Building Safety Fund from residential property developers.
Christopher
Pincher: as announced on 10 February 2021, we are going to introduce a
developer levy through the Building Safety Bill to be targeted and applied when
developers seek permission to develop certain high-rise buildings in England.
In addition, we will introduce a new tax for the UK residential property development
sector in 2022. The levy and tax will ensure that the largest property
developers make a fair contribution to the remediation programme. The
Government will consult on the policy design of the tax in due course.
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