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Keeping It Real Estate News and Trends in UK Real Estate, Disputes and Planning Law

Tag Archives: Multiple Dwellings Relief

Posted in Real Estate News

Budget 2016: SDLT on additional residential property

To compound the misery within the industry following the increases in SDLT rates on commercial transactions, a mooted exemption for large scale residential investors has also not materialised.

George Osborne confirmed yesterday that they will indeed be subject to the extra 3% rate on purchases of additional residential properties. In the recent consultation, an exemption Read More

Posted in Real Estate News

A slice of good fortune for student and PRS investors? Impact of SDLT changes

The changes announced on 3 December to the calculation of Stamp Duty Land Tax on residential property (see Chancellor slices up SDLT) will similarly modify the way in which the tax is calculated when claiming Multiple Dwellings Relief.

Before 4 December 2014, the rate of SDLT applicable to a qualifying transaction in ‘multiple dwellings’ Read More