Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of reintroducing Multiple Dwellings Relief.

The previous Government announced the abolition of Multiple Dwellings Relief following an external evaluation which found no strong evidence the relief was meeting its original objectives of supporting investment in the private rented sector. In addition, and as highlighted in the November 2021 consultation on reforms to MDR, the relief was subject to high levels of abuse.

Larger investors who purchase six or more properties in a single

transaction can still continue to benefit from the non-residential rates of Stamp Duty Land Tax. The Government will continue to engage with stakeholders in the build to rent sector to understand any concerns.

On housing more broadly, the Government has committed to delivering 1.5 million new homes and is reforming the National Planning Policy Framework to get Britain building, including by reintroducing mandatory housing targets.