End of MDR: the ‘granny annexe’ tax

When multiple dwellings relief (MDR) is abolished from 1 June 2024, it will primarily impact those buying properties with a ‘granny annexe’ and landlords of multiple properties, warns Chris Etherington, partner at RSM

The end of May does not usually represent a peak period for completing property transactions, but some taxpayers will be sweating over getting their deals over the line before 1 June 2024.

Failure to do so could leave some facing the prospect of a much higher stamp duty land tax (SDLT) bill due to the abolition of multiple dwellings relief (MDR).

Similar reliefs are still currently available in Scotland and Wales, although earlier this year the Welsh government consulted on proposals to abolish land transaction tax relief for multiple dwellings.

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