20 May 2024
Tax and Finance
BPF response to Welsh consultation on Land Transaction Tax (LTT) reliefs including MDR
We raised concerns over the impact that removing certain LTT reliefs (including multiple dwellings relief (MDR) and the ‘6 or more’ commercial treatment for transactions of 6 or more dwellings) could have on the Build to Rent and Purpose Build Student Accommodation markets. These tax treatments are critical for supporting investment rental homes and ensuring that Wales’ transaction taxes are competitive compared to other jurisdictions.