Tax Question Of The Week: Temporary Rate-Reduction & Multiple-Dwellings Relief
Tax Question of the Week: SDLT – Temporary Rate-Reduction & Multiple-Dwellings Relief | 12th October 2020
My client is purchasing three residential investment properties from the same seller. I am aware that my client must pay Stamp Duty Land Tax at the “higher rates” for additional dwellings (supplementary 3%). The property values are £530,000, £325,000, and £290,000 respectively. My client will let-out all of these properties commercially to unconnected parties.
However, I understand that Multiple Dwellings relief may be available on the purchase, but can you please explain how this would work following the temporary rate changes introduced by the Chancellor in July?
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