Tax treatment of predevelopment costs: update on consultation

Friday 11 Apr 2025 @ 15:25
HM Treasury

Following the Court of Appeal judgement on 17 March on matters with significant readout across to this issue, the government is updating on the publication of the consultation on the tax treatment of predevelopment costs.

At Autumn Budget 2024, the government committed to publishing a consultation on the tax treatment of predevelopment costs. On 17 March, the Court of Appeal handed down its judgement in the case of Orsted West of Duddon Sands (UK) Limited and others v HMRC.

Following the Court of Appeal judgement on 17 March on matters with significant readout across to this issue, the publication of the consultation on the tax treatment of predevelopment costs is being postponed. The government is considering the implications of the judgment for the consultation. To give stakeholders and government time to reflect on the judgement, the government will determine its next steps in respect to this consultation in due course.

In the interim, the government welcomes views on what this judgement means for you or the businesses you represent. Do let us know via predevcosts@hmtreasury.gov.uk

Channel website: https://www.gov.uk/government/organisations/hm-treasury

Original article link: https://www.gov.uk/government/news/tax-treatment-of-predevelopment-costs-update-on-consultation

Share this article

Latest News from
HM Treasury

Major carbon capture project to deliver jobs and growth

24/04/2025 16:29:00

Thousands of jobs created as major carbon capture and storage network is ready for construction – boosting energy security and the government's Plan for Change.

Chancellor unveils plans to maintain level playing field for British business

24/04/2025 09:05:00

British businesses will be supported to trade freely as the Chancellor chooses to act on practices that undercut fair trade, such as the dumping of cheap goods into the UK.

Reeves: I will always act to defend British interests

23/04/2025 12:05:00

Chancellor Rachel Reeves travels to Washington DC for her first spring meetings of the International Monetary Fund (IMF).

UK sends multi-million pound military equipment loan to Ukraine

15/04/2025 13:17:00

The UK makes second £752 million payment to Ukraine through the Extraordinary Revenue Acceleration Loans for Ukraine scheme.

Government steps in to back British business in changing world

14/04/2025 11:10:00

The Chancellor announces a multi-billion-pound increase in government-backed financing.

Now is the time to generate growth together with India

10/04/2025 16:10:00

£400m of trade and investment wins from UK-India Economic and Financial Dialogue set to boost the British economy.

Multi-billion-pound investment secured as Universal theme park and resort set to be built in Bedford, bringing thousands of jobs

09/04/2025 12:11:00

A multi-billion-pound investment in a major new Universal theme park and resort in Bedford has been agreed between Universal, the government and the local council, in a move that represents a major vote of confidence in the UK economy and the future of partnerships between the UK and the US.

Consultation launched to cut red tape for asset managers and boost growth

08/04/2025 15:20:00

Red tape will be cut for asset managers, as the Chancellor goes further and faster to drive growth through the Plan for Change.

Government calls ‘last orders’ on red tape choking pubs, clubs, and restaurants in major boost to the British night out

07/04/2025 11:10:00

Outside dining and later opening hours on the menu as government backs British pubs, clubs and restaurants with moves to slash burdensome red tape in the hospitality sector.

WIREDGOV