SDLT Holiday Interaction with Reliefs

Hillier Hopkins LLP

Chartered Accountants & Tax Advisers

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SDLT has received a lot of attention as a result of the SDLT ‘holiday’ which allows a purchaser to benefit from lower rates when buying residential property.

Usually the maximum tax saving which can be achieved by the lower rates is £15,000, however, if a purchase benefits from Multiple Dwellings Relief (“MDR”) a purchaser can get multiple bites at the cherry.

Each dwelling can benefit from a reduction of up to £15,000 so the savings can be significant.

The holiday will be in place until 31 March 2021, if your purchase is due to complete around the cut-off date please contact Natasha Heron on natasha.heron@hhllp.co.uk or 03300243200 for assistance.

For further information about MDR please click here.

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Natasha Heron

Natasha is a member of the ICAEW as a qualified auditor and the Chartered Institute of Taxation, specialising in indirect taxes. Natasha has developed a specialism as an adviser on the Stamp Duty Land Tax implications of property transactions.

Contact Natasha at Natasha.Heron@hhllp.co.uk or on 01923 634460