{"id":3532,"date":"2024-06-24T09:12:07","date_gmt":"2024-06-24T07:12:07","guid":{"rendered":"https:\/\/pfadvisors.co.uk\/?p=3532"},"modified":"2024-06-18T12:14:03","modified_gmt":"2024-06-18T10:14:03","slug":"abolition-of-multiple-dwellings-relief","status":"publish","type":"post","link":"https:\/\/pfadvisors.co.uk\/en\/abolition-of-multiple-dwellings-relief\/","title":{"rendered":"Abolition of Multiple Dwellings Relief"},"content":{"rendered":"<p>Elsewhere in the Budget, it was announced that Stamp Duty Land Tax (SDLT) Multiple Dwellings Relief (MDR) will be abolished from 1 June 2024, in England and Northern Ireland.<\/p>\n<p>MDR reduces the SDLT cost of buying two or more dwellings in the same or a linked transaction. It will not be available for any future purchases that complete on or after 1st June 2024.<\/p>\n<p>Purchasers who exchanged contracts on or before 6 March 2024 remain eligible for MDR regardless of when the transaction completes \u2013 provided that there is no variation of the exchanged contract after 6 March.<\/p>\n<p>It remains to be seen whether the Welsh and Scottish Governments will follow suit in relation to similar reliefs that apply in respect of Welsh Land Transaction Tax (LTT) and Scottish Land and Buildings Transaction Tax (LBTT).<\/p>\n<p>\ud83d\udea8 Data accurate as of the date of publication \u2013 24.06.2024<\/p>\n<p>\ud83d\udea8Tax treatment varies according to individual circumstances and is subject to change. Advice on Capital Gains Tax<\/p>\n<p>and Taxation Advice is not regulated by the Financial Conduct. Some buy to lets are not regulated by the Financial<\/p>\n<p>Conduct Authority.<\/p>\n<p>\ud83d\udea8Information within this blog is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed.<\/p>\n<p>\ud83d\udea8Think carefully before securing debts against your home.\u00a0 Your home may be repossessed if you do not keep up repayments on your mortgage.<\/p>\n<p>\ud83d\udea8 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: Quilter Financial Planning \u2013 Essentially Mortgages Q2 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elsewhere in the Budget, it was announced that Stamp Duty Land Tax (SDLT) Multiple Dwellings Relief (MDR) will be abolished from 1 June 2024, in England and Northern Ireland. MDR reduces the SDLT cost of buying two or more dwellings in the same or a linked transaction. It will not be available for any future [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3512,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42,25],"tags":[],"class_list":["post-3532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-landlords","category-aktualnosci-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Abolition of Multiple Dwellings Relief - Prestige Financial Advisers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pfadvisors.co.uk\/en\/abolition-of-multiple-dwellings-relief\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abolition of Multiple Dwellings Relief - Prestige Financial Advisers\" \/>\n<meta property=\"og:description\" content=\"Elsewhere in the Budget, it was announced that Stamp Duty Land Tax (SDLT) Multiple Dwellings Relief (MDR) will be abolished from 1 June 2024, in England and Northern Ireland. MDR reduces the SDLT cost of buying two or more dwellings in the same or a linked transaction. 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MDR reduces the SDLT cost of buying two or more dwellings in the same or a linked transaction. It will not be available for any future [&hellip;]","og_url":"https:\/\/pfadvisors.co.uk\/en\/abolition-of-multiple-dwellings-relief\/","og_site_name":"Prestige Financial Advisers","article_published_time":"2024-06-24T07:12:07+00:00","og_image":[{"width":940,"height":788,"url":"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/06\/PFA-blog-56.jpg","type":"image\/jpeg"}],"author":"Prestige-FA","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Prestige-FA","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pfadvisors.co.uk\/en\/abolition-of-multiple-dwellings-relief\/#article","isPartOf":{"@id":"https:\/\/pfadvisors.co.uk\/en\/abolition-of-multiple-dwellings-relief\/"},"author":{"name":"Prestige-FA","@id":"https:\/\/pfadvisors.co.uk\/en\/#\/schema\/person\/50d699ec759d89772430606ad51a083e"},"headline":"Abolition of Multiple Dwellings Relief","datePublished":"2024-06-24T07:12:07+00:00","mainEntityOfPage":{"@id":"https:\/\/pfadvisors.co.uk\/en\/abolition-of-multiple-dwellings-relief\/"},"wordCount":284,"image":{"@id":"https:\/\/pfadvisors.co.uk\/en\/abolition-of-multiple-dwellings-relief\/#primaryimage"},"thumbnailUrl":"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/06\/PFA-blog-56.jpg","articleSection":["Landlords","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/pfadvisors.co.uk\/en\/abolition-of-multiple-dwellings-relief\/","url":"https:\/\/pfadvisors.co.uk\/en\/abolition-of-multiple-dwellings-relief\/","name":"Abolition of Multiple Dwellings Relief - 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