The news that multiple dwellings relief will soon be scrapped has been criticised by the British Property Foundation
The news that multiple dwellings relief will soon be scrapped has been criticised by the British Property Foundation.
The tax break allowed purchasers of multiple residential properties to pay stamp duty based on the average price per dwelling. With that gone, the Build to Rent sector's growth will be badly hindered.
It may also put pressure on other areas of the SDLT regime:https://bit.ly/3U8eW0j
#UKProperty #SDLT #MDR #UKHousingMarket
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