Welsh government considering future of multiple dwellings relief
In last month’s Spring Budget, the UK government scrapped multiple dwellings relief. Now, the Welsh government is considering a similar move. What’s the full story?
The Budget announcement that multiple dwellings relief (MDR) would be abolished only applies to stamp duty land tax, i.e. to property transactions in England or Northern Ireland. Scotland and Wales have their own devolved systems, though these operate in a very similar way. The Welsh government has published a consultation inviting views on scrapping the multiple dwellings relief applicable to land transaction tax (LTT).
The consultation is also seeking views on the following:
- the abolition of the relief provided on the purchase of six or more dwellings in a single transaction, alongside the abolition of LTT MDR
- the potential review or amendment of other LTT reliefs; and
- the possible impact on the Welsh language.
Any responses should be returned by 19 May 2024.
Related Topics
-
Free childcare for company owners?
You’re an owner manager and your daughter is due to start nursery. You understand that working parents can get free childcare but a friend said this isn’t available if you only pay yourself dividends. Is this true and what can you do to qualify?
-
CT61
-
Getting the NI on benefits right
Getting the National Insurance (NI) treatment of employee benefits wrong remains a common issue for employers, particularly where the benefits are payrolled. Errors can lead to underpaid NI and potential compliance action. What should you check?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.