Multiple Dwellings Relief for SDLT
13/06/2024

It was announced as part of the Spring Budget 2023 that Multiple Dwellings Relief (MDR) was being abolished. This change has now come into effect for transactions which complete, or substantially perform on or after 1 June 2024.

The MDR relief applied to property purchasers who bought more than one dwelling where a transaction or a number of linked transactions included freehold or leasehold interests in more than one dwelling. This was a valuable tax relief that could substantially reduce the amount of SDLT due. The government’s view was that the MDR no longer achieved its original aims in a cost-effective way and consequently the relief has been abolished.

MDR for transactions before 1 June 2024

You can claim MDR when you buy more than one dwelling if a transaction (or a number of linked transactions) includes freehold or leasehold interests in more than one dwelling. This applies to transactions where:

  • contracts were exchanged on or before 6 March 2024;
  • contracts were substantially performed before 1 June 2024; and
  • contracts complete before 1 June 2024.

These transactions are subject to various exclusions.


About us  

Our director-led service is supported by the expertise of our highly skilled staff. We believe that our reputation for technical excellence is one of the main reasons for the company’s continued growth. 

Since the 1960’s we have been looking after the financial needs of our diverse database of clients. The practice of today evolved from two long-established firms originating in Coventry (Luckmans) and Kenilworth (Duckett Parker) merging in 2000.

Our vision in 2000 was to combine the directors' expertise to the greatest advantage for you – our client. That ethos still holds true and has enabled us to build a relationship with our clients that lasts.

Legal

Registered to carry out audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.

Contact us

LDP Luckmans
1110 Elliott Court, Coventry Business Park
Herald Avenue
Coventry
CV5 6UB

+44 (0) 24 7662 7200
partners@luckmans.com
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