Our doors may be closed, but we’re still here for you. In line with government advice on the outbreak of Coronavirus (COVID-19), all our Martin & Co branches will be temporarily closed until further notice. The health and safety of our staff and customers is, of course, our number one priority. But while we might not be able to see you, we are still here if you need us. The Martin & Co teams are all working remotely, ensuring we can provide continuous support for all our customers. Please email your nearest branch directly through the website and, most importantly, stay safe and healthy during these difficult times

Minimising Stamp Duty Land Tax – part 1

Minimising Stamp Duty Land Tax – part 1

Jennifer Adams from Tax Insider, reveals how to minimise Stamp Duty Land Tax using Multiple Dwellings Relief. 

Multiple Dwellings Relief

Stamp Duty Land Tax (SDLT) is charged whenever a transaction involving land takes place, however effected. It is levied as a percentage of the amount paid where the amount is above a certain threshold.

It is a ‘stepped’ tax: the rate increases on the whole of the purchase price at certain thresholds.

Multiple dwellings relief allows a rate to be charged at the percentage payable on the ‘average property’ price should more than one property be purchased at one time, rather than on the total consideration.

Note: the minimum ratecharged is 1%; therefore it is not beneficial to claim this relief for properties valued at under £250,000 – the usual SDLT rate limit.

Eg: Ben wants to buy flats being offered at a significant discount for bulk purchase. Four flats will cost £200,000 each plus a penthouse flat at


Without claiming multiple dwellings relief the SDLT charge would be 5% on the full purchase price of £1.1m, i.e. £55,000. With claiming the relief he pays 1% on the total consideration as the average price is £220,000 – only £11,000, resulting in a tax saving of £44,000.

For more information and tax tips look to our recent articles, www.martinco.com/news.