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Housing Today
Trusted media brand of the Chartered Institute of Housing
Build to rent developers to be exempt from £2bn cladding tax
Treasury officials brief the sector that the government has taken on demands for exclusion from new tariff
The Treasury is to exempt build to rent developers from its proposed £2bn “cladding” tax being brought in to pay for the cost of fire safety repairs on existing buildings.
The exemption, confirmed to Housing Today by the British Property Federation (BPF), which represents Build to Rent developers, comes a week after the Treasury amended draft legislation to also exclude housing associations from paying the tariff.
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