Marvin Reynolds and Jeffrey Webber (BDO) provide a practical guide to a relief for which claims are being actively challenged by HMRC.
The purpose of MDR
Multiple dwellings relief (MDR) was introduced by FA 2011 with a view to strengthening the demand for residential property and promoting the supply of private rented housing. This is achieved by way of a partial relief that reduces the amount of SDLT payable on the acquisition of two or more dwellings in a single transaction or in a series of linked transactions.
The SDLT legislation (relating to transactions carried out in England and Northern Ireland) is contained in FA 2003 s 58D and Sch 6B. The Scottish and Welsh equivalents of SDLT (land and buildings transaction tax and land transaction tax respectively) have their own versions of MDR and these are broadly similar to the SDLT relief. Any references to legislation ...
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Marvin Reynolds and Jeffrey Webber (BDO) provide a practical guide to a relief for which claims are being actively challenged by HMRC.
The purpose of MDR
Multiple dwellings relief (MDR) was introduced by FA 2011 with a view to strengthening the demand for residential property and promoting the supply of private rented housing. This is achieved by way of a partial relief that reduces the amount of SDLT payable on the acquisition of two or more dwellings in a single transaction or in a series of linked transactions.
The SDLT legislation (relating to transactions carried out in England and Northern Ireland) is contained in FA 2003 s 58D and Sch 6B. The Scottish and Welsh equivalents of SDLT (land and buildings transaction tax and land transaction tax respectively) have their own versions of MDR and these are broadly similar to the SDLT relief. Any references to legislation ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
