Can I claim MDR for mixed-use properties?
Mixed-use properties are defined as buildings that have both residential and non-residential elements. An example of this would be a property that includes a show or shop on the lower level and a flat or apartment above it.
MDR, or the Mixed-Use Development Relief, can only be used for the residential portion of a transaction. For non-residential parts, regular SDLT rates will apply.
Can I claim multiple dwellings relief for off-plan property purchase?
The relief provides for purchasing properties that are not yet constructed or adapted for residential use by the transaction’s effective date. Please note that this information is subject to change and it is advisable to consult the relevant authorities for the most accurate details.
According to HMRC, the term “off-plan” refers to a property purchase in which the contract involves the construction of a dwelling that has not yet begun at the time the contract is substantially completed. This definition is separate from buying undeveloped land with planning permission, but without the obligation to construct a dwelling. The Mandatory Disclosure Rules (MDR) will be applicable to the former scenario, but not to the latter.