Do You Purchase a Property Containing More Than One Dwellings?
If you bought multiple properties with the same transaction, Multiple Dwelling Relief (MDR) will be applied and your stamp duty will be calculated in a different way. Hence, you may be eligible for a stamp duty rebate.
Fill out the form to learn how stamp duty rebate works for property with more than one dwellings.
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PROPERTY WITH MULTIPLE DWELLINGS
What is Multiple Dwelling Relief?
First, you have to know what exactly dwelling means. According to HRMC’s definition, a dwelling is a building appropriate for an everyday single dwelling. Multiple Dwelling Relief (MDR) is the amount returned to you by HMRC after the original payment of stamp duty for multiple properties purchased in one transaction.
MDR allows individuals or property developers to pay for stamp duty for the overall average value of the properties purchased in one transaction rather than for the overall purchase price.
CHECK YOUR QUALIFICATION
Who Qualifies For Multiple Dwelling Relief?
Multiple Dwelling Relief (MDR) applies to the total cost of properties purchased in a single transaction. These properties are combined together as one cost.
Examples of where MDR applies are:
- Apartments (flats) bought in one transaction
- Granny flat or subsidiaries
- Outbuilding
MULTIPLR DWELLING RELIEF
Types of Multiple Dwellings Relief (MDR)
Multiple Dwelling Relief also applies to a linked transaction. A linked translation occurs when multiple purchases are linked between the same buyer and seller. This enables one who purchases a property to have the overall stamp duty tax charged reduced on the price of each dwelling.
3 Simple Steps to Get Stamp Duty Rebate For
Multiple Dwellings
01
Do An Eligibility Check
Determine if your eligible
02
Documentation And Legal Guide
Collate documentation and submit claim
03
Refund Payout
Receive refund within 6-8 weeks
Frequently Asked Questions
The relief applies where the main subject matter of a transaction contains at least two dwellings. These can be purchased in linked transactions or one transaction. The purchase of property other than the dwellings (e.g. commercial property) will not invalidate the relief.
Own only one dwelling at the end of the effective date, the property value must be less than £40,000, replace your only or main residence in the 18 months before you purchase your new main residence.
If you are claiming MDR after the purchase of the property, you will need to make an SDLT refund claim to HMRC within 12 months of the purchase.
If you are buying more than 6 properties, or a mixed-use (residential and commercial) property, you can apply non-residential SDLT rates, which are lower than residential rates.
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