Welsh government considering future of multiple dwellings relief

Published: 13th April 2024

he Budget announcement that multiple dwellings relief (MDR) would be abolished only applies to stamp duty land tax, i.e. to property transactions in England or Northern Ireland. Scotland and Wales have their own devolved systems, though these operate in a very similar way. The Welsh government has published a consultation inviting views on scrapping the multiple dwellings relief applicable to land transaction tax (LTT).

The consultation is also seeking views on the following:

• the abolition of the relief provided on the purchase of six or more dwellings in a single transaction, alongside the abolition of LTT MDR
• the potential review or amendment of other LTT reliefs; and
• the possible impact on the Welsh language.

Any responses should be returned by 19 May 2024.