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Removal of multiple dwellings relief in Wales

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The Welsh Government is consulting until 19 May 2024 on proposals to abolish land transaction tax multiple dwellings relief (MDR) in Wales, following the equivalent change in England with the removal of SDLT MDR from 1 June 2024.

The change would have effect in Wales from the same date, or ‘as soon as possible thereafter’. The proposal, says the Welsh Government, is ‘precipitated’ by the likely impact on the Welsh Block Grant of the decision to abolish SDLT MDR in England.

Issue: 1658
Categories: News