How to save Stamp Duty for HMO’s?

Our good friends at Property118 have a great article on how to SAVE stamp duty land tax – SDLT – here is a snippet below. If this is of interest see link for the full article

The SDLT on a £795,000 investment property would ordinarily be £53,600 after factoring in the 3% additional rate.

However, in this instance the SDLT was advertised by an agent at £7,950.

Our client, who was extremely interested in buying the property, queried this with us, so we took a closer look.

The property was subdivided into 20 separate dwellings. Accordingly, Multiple Dwellings Relief – MDR – could be applied.

The HMRC manuals state:-

You can claim relief when you buy more than one dwelling where a transaction or a number of linked transactions include freehold or leasehold interests in more than one dwelling.

See article How to Save Stamp Duty on your HMO for full details and to seek advice on your specific property purchase.


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