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UK Autumn Budget 2021 – Key Tax Measures | Cadwalader, Wickersham & Taft LLP

The Chancellor of the Exchequer delivered the United Kingdom (“UK”) Autumn Budget for 2021 on 27 October 2021. The Budget was delivered against the backdrop of the UK’s.

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Big property developers face levy to pay for removal of dangerous cladding

Big property developers face levy to pay for removal of dangerous cladding
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Big property developers face levy to pay for removal of dangerous cladding

Big property developers face levy to pay for removal of dangerous cladding
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James forresterMary anne bowringBoris johnsonRingley groupChancellor rishi sunakResidential property developer taxAnne bowring

Leaseholders react to cladding tax in the Budget

Leaseholders claim the Budget s levy on developers will be inadequate to cover the cost of repairing buildings affected by the cladding crisis.

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Large property developers will be hit by extra levy for £5bn fund to remove dangerous cladding

Applied over a 10-year period, the tax is expected to raise around £2 billion over its lifetime - clawing back some of the cost to British taxpayers of fixing the cladding problem.

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