Elizabeth Small writes for Taxation on multiple dwellings relief and granny annexes
Tax Partner, Elizabeth Small, has authored an article for Taxation entitled ‘Savings for the whole family?‘.
A stamp duty land tax (SDLT) saving may be made if an individual buys a property which includes not only their main home, but also separate and independent accommodation for the mother-in-law, such as a ‘granny’ annexe.
However, the possible reliefs and consequent savings are complex and dependent on the individual facts of any situation.
In her article, Elizabeth answers the following questions:
- What is the potential saving?
- How can I pay more for a property but pay less SDLT?
- What is a dwelling?
- Who can claim MDR?