Does multiple dwellings relief apply to a purchase by a company?
3% Additional Rate, Multiple Dwellings Relief
“Client purchasing a building in the name of his company. Building comprises two flats let on assured shortholds. Price of whole building £220,000. Client tells me he is entitled to claim multiple dwelling relief and on the face of it, that seems correct resulting in a stamp duty liability of £6,600. I am keen to confirm this is correct.”
Source: BLG Member
As the purchaser is a company the 3% surcharge will apply but the client is correct that multiple dwellings relief can be claimed. On that basis I also make the tax payable £6,600.
At the time of publication this response was correct however as tax legislation and practice change from time-to-time you should take specific advice before taking any action.
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