Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the revenue raised by the Residential Property Developer Tax.

The Residential Property Developer Tax (RPDT) is a 4% tax on the most profitable businesses undertaking UK residential property development to help pay for building safety remediation. The tax applies to developers' profits exceeding an annual allowance of £25 million for an accounting period.

The tax forms part of the government’s broader programme of work on building safety, which also includes significant capital funding (around £5.1bn) to remediate unsafe cladding on high-risk buildings.

According to HMRC’s latest Corporation Tax statistics, the tax raised £157 million in 2022-23 and £103 million in 2023-24.