Although no rate has been announced, the march towards the introduction of the Residential Property Developer Tax (RPDT) continued with the publication of draft legislation late last month. In a last minute reprieve, it appears that build-to-rent developers may now fall outside the scope of the new tax. In addition, following an unheralded revision to the draft legislation, registered non-profit housing companies providing social housing have been specifically excluded from being liable for RPDT. All developers of residential land in the UK will be interested to consider the detail published in the draft legislation. Comments on the draft legislation can be submitted before 15 October 2021.