Policy paper
Stamp Duty Land Tax: Abolition of Multiple Dwellings Relief from 1 June 2024
This tax information and impact note explains that Multiple Dwellings Relief (MDR) will be abolished with effect from 1 June 2024. MDR is a bulk purchase relief from Stamp Duty Land Tax which applies to the purchase of 2 or more dwellings.
Documents
Details
This measure abolishes Multiple Dwellings Relief, a relief from Stamp Duty Land Tax which applies to the purchase of 2 or more dwellings in England and Northern Ireland. MDR will be abolished for transactions which complete, or which substantially perform, on or after 1 June 2024.
Purchasers who exchanged contracts on or before 6 March 2024 remain eligible for MDR regardless of when the transaction completes, provided there is no variation of the contract after that date.