Friday's Fortnightly Tax Tip 

As promised by The Chancellor in the Spring Budget, Multiple Dwellings Relief was abolished on 1st June 2024. 
 
Multiple Dwellings Relief was a relief that was claimed to reduce Stamp Duty Land Tax when purchasing two or more residential properties in the same or a linked transaction. 
 
Contracts exchanged before 6th March 2024 will remain eligible for the relief regardless of when completion occurs, if there is no variation of contract. 
 
More information can be found here
For more guidance call the team at Holmes Accountancy on 01908 315716 or contact us here. 
 
The tax tip is provided for general guidance only; further advice should be sought, for specific issues. 
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