Developers demand tax cuts to revive housing

Developers are urging the Chancellor to implement tax reforms to address the "fundamental and debilitating viability challenge" in the housing sector. The British Property Federation has written to Rachel Reeves, requesting the reinstatement of multiple dwellings relief, which previously reduced stamp duty for bulk property purchases. The federation estimates that the removal of this relief has stalled the delivery of up to 25,000 rental homes. Chief executive Melanie Leech warned that the Government’s goal of building 1.5m new homes by 2029 will not be met without action. "There are simply too many layers of regulation", she said.

The Times (18/10/2025)