Multiple dwellings relief for SDLT scrapped

Multiple dwellings relief for SDLT scrapped

The Chancellor announced in the Budget that Multiple dwellings relief (MDR) will be abolished for transactions which complete, or which substantially perform, on or after 1 June 2024.

Home buyers pay less stamp duty 

Home buyers pay less stamp duty 

In September’s mini-Budget the then Chancellor announced that the entry threshold for SDLT payable on residential properties would double to £250,000 for deals completed on or after 23 September 2022. This higher threshold will apply until April 2025.