At Autumn Budget 2024 the Government announced that it would launch a consultation in early 2025 on the tax treatment of pre-development costs. However following the recent Court of Appeal judgment in Orsted West of Duddon Sands (UK) Ltd and others v HMRC [2025] EWCA Civ 279 (see page 12) the Treasury has decided to postpone the consultation in order to reflect on the decision and consider its implications.
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At Autumn Budget 2024 the Government announced that it would launch a consultation in early 2025 on the tax treatment of pre-development costs. However following the recent Court of Appeal judgment in Orsted West of Duddon Sands (UK) Ltd and others v HMRC [2025] EWCA Civ 279 (see page 12) the Treasury has decided to postpone the consultation in order to reflect on the decision and consider its implications.
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