Short answer: The speech (printed pp. 42 to 43) proposes fuller disclosure of the total economic value in development deals involving air space, with verification. No final rates or start date are published.
Key points
- Targets deals where part of the value was not declared.
- Developers and intermediaries are in scope.
- Applies prospectively after consultation.
Budget 2027 measures
Budget 2027Rules pendingProposed reform
Taxation of air space transfers
New rules require fuller disclosure of the total price in development deals involving the sale of air space.
Proposed rules; implementation not confirmed.
Speech printed p. 42 · PDF p. 46