Q&As

Where multiple dwellings relief and subsidiary dwellings relief have been applied, and because of the coronavirus (COVID-19) increase to the nil rate band, the amount of stamp duty land tax (SDLT) due is £0, will a buyer still be required to pay 1% of the consideration as SDLT?

read titleRead full title
Published on LexisPSL on 03/09/2020

The following Tax Q&A provides comprehensive and up to date legal information covering:

  • Where multiple dwellings relief and subsidiary dwellings relief have been applied, and because of the coronavirus (COVID-19) increase to the nil rate band, the amount of stamp duty land tax (SDLT) due is £0, will a buyer still be required to pay 1% of the consideration as SDLT?

Where multiple dwellings relief (MDR) applies to a transaction a buyer can choose whether to claim MDR or pay stamp duty land tax (SDLT) calculated on a standard basis (for which, see Practice Note: Rates of SDLT). Depending on the particular circumstances of the transaction, a claim for MDR may or may not result in less SDLT being due. For more details

Related documents:

Popular documents