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The Scottish government is consulting on the introduction of a new tax – a building safety levy. This would be an additional charge on new residential property development to be paid by housebuilders. Revenue raised would support the Scottish government’s work to remediate unsafe cladding on existing residential buildings.
The UK-wide residential property developer tax (RPDT) already provides funding for cladding remediation. Introduced in 2022-23, it is expected the RPDT will raise £2bn over a ten-year period, with revenues for Scotland following the Barnett formula.
The UK government has also consulted on a new building safety levy which would apply in England only. The Scottish building safety levy would provide an equivalent source of funding in Scotland and is planned to be administered by Revenue Scotland.
Responses should be submitted online by 18 November 2024.
