Definition
The CT600N is the Residential Property Developer Tax (RPDT) supplementary page to the Company Tax Return. RPDT is a 4% tax on profits from developing UK residential property, above an allowance of £25 million a year shared across a group.
Who completes it
A company that, in the return period:
- has RPDT to pay, or has residential property developer profits to report even where the allowance covers them;
- is the group’s allocating member and is sharing out the group’s allowance;
- is a joint venture company whose allowance is restricted; or
- claims or surrenders RPDT group relief.
Only the largest developers pay the tax, but members of a developer group may still need the page. Box 144 on the CT600 is ticked to say it is attached.
What it asks for
- Section 1: how the group’s allowance is allocated.
- Section 2: the restricted allowance of a joint venture company.
- Section 3: RPDT group relief claimed and surrendered.
- Section 4: the calculation, ending in the tax at 4% (N285), which goes to box 497 on the CT600 and is paid with Corporation Tax.
In Tax Optimiser
Complete the page under Property Developer Tax in the Corp Tax workspace, which has four tabs. The CT600N is filed with the CT600.
Read more: CT600N and Residential Property Developer Tax.