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Readers forum: Multiple dwellings relief

10 March 2020
Issue: 4735 / Categories: Forum & Feedback
Stamp duty land tax multiple dwelling relief on buy to let.

My husband and wife clients are retiring and downsizing their property. They have just sold their home and already bought a smaller one. They are now considering investing in a buy-to-let to provide a source of income. Currently there is no company in existence to buy any freehold properties for this purpose.

They have seen an ex-office block and that has been converted into eight flats. The freehold is valued at £880 000. There is no headlease and none of the flats are subject to a long lease. As I understand it the transaction would be a relevant transaction for the purposes of stamp duty land tax multiple dwelling relief as it involves the acquisition of more than one dwelling namely a property that contains eight flats.

On this basis the freehold would be treated as if it were an interest in the...

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