Multiple Occupation: Stamp Duty Land Tax

(asked on 15th April 2024) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what discussions they had with the "build to rent" sector to understand the impact of the proposed abolition of the Stamp Duty Land Tax Multiple Dwellings Relief announced in the Spring Budget, beyond the consultation from November 2021 to February 2022.


This question was answered on 23rd April 2024

The abolition of Multiple Dwellings Relief follows an external evaluation which found no strong evidence the relief is meeting its original objectives of supporting investment in the private rented sector.

Larger investors who purchase 6 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.

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