Multiple Dwellings Relief: Save £££ On Stamp Duty
25/07/2021 by David M Slater
Multiple Dwellings Relief: Save £££ on Stamp Duty
If you are buying more than one property in the same transaction or a linked transaction you can benefit from Multiple Dwellings Relief for Stamp Duty Land Tax purposes. This relief is based on calculating an average price and Stamp Duty Land Tax for each of the properties rather than simply calculating Stamp Duty Land Tax based on the total price. This can result in significant savings as one single large transaction could result in an investor paying a higher % of SDLT than if they had a number of smaller transactions.
Example 2 Multiple Dwellings Relief claimed:
Multiplied by the number of properties, x 3 = £22,500k.