Multiple Dwellings Relief (MDR) is a Stamp Duty Land Tax (SDLT) relief that is available when a taxpayer purchases qualifying residential properties. The relief allows SDLT rates to be applied to the average value of the properties rather than total purchase price.
There have been two recent First-Tier Tribunal (FTT) rulings which provide an insight into how HMRC may distinguish between a single dwelling and two separate dwellings which would qualify for MDR, thus potentially impacting the success of future claims by taxpayers.
The recent rulings provide further reminders on some of the key determinants that need to be in place for MDR to be claimed.
For more information on how you can make the most of the available SDLT reliefs, please get in contact with Caroline Fleet or your usual Crowe contact.