Building Safety Levy: BSR Warning

Just as the Building Safety Levy (BSL) – a tax on new eligible residential developments over 10 units – came into force on 1st October, the Building Safety Regulator (BSR) issued a warning of unplanned consequences for rejected applications: ‘If an application submitted (to us) before 1 October 2026 is invalidated or rejected, and then resubmitted on or after 1 October 2026, it may be subject to the levy.’

The funds raised through the levy will support important building safety works, forming a key part of the government’s approach to ensure the industry contributes to fixing building safety defects, while protecting leaseholders and taxpayers.

The levy is expected to raise around £3.4 billion over the next ten years.

Building Safety Levy – Now in force from October 1st - with a warning from Building Safety Regulator

The latest BSR approval rates can be found at:

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