Jurisdiction(s):
United Kingdom

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Key definition

Cladding definition

What does Cladding mean? Cladding is the external layer fixed to a building’s outside face to keep out the weather and provide an architectural finish. In practice it may form part of a rainscreen or curtain wall and typically includes panels or boards, insulation, membranes, sub‑framing, fixings and cavity barriers. It can be functional and/or decorative. “Cladding” is a descriptive term used across construction, real estate and safety law. Legislation and guidance in the UK and Ireland more often refer to the “external wall” or the “external wall system (EWS)”. In England and Wales, the Fire Safety Act 2021 confirms that external walls (including cladding)...

Practitioners' guide to the UK Residential Property Developer Tax (RPDT): scope, rate, allowance, calculation, joint venture attribution, reliefs, compliance and administration (Finance Act 2022)

Published by a LexisNexis Tax expert

Practice notes

What is the residential property developer tax?

The residential property developer tax (RPDT) is designed to eliminate unsafe cladding, offer reassurance to homeowners and bolster confidence in the housing market, as part of the government’s building safety package. The RPDT was announced on 10 February 2021, with draft legislation issued on 20 September 2021 and 8 October 2021, and its provisions now sit in the Finance Act 2022 (FA 2022). It applies to the largest corporate residential property developers, charging 4% on profits above a group-wide annual allowance of £25m. The tax takes effect from 1 April 2022, alongside anti-forestalling rules that stop developers bringing forward profits to an accounting period ending before that date. In broad terms, it taxes the profits of corporation tax payers, exceeding a £25m annual allowance, arising from residential property development activities linked to UK land in which they (or a related company) hold, or have held, an interest and which is, or was, treated as trading stock. Profits are computed on corporation tax principles but with notable departures, including bespoke rules for joint ventures and a disallowance of finance costs...

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Web page updated on 21/05/2026

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