SDLTM29945 - Relief for transfers involving multiple dwellings: The remaining consideration FA03/SCH6B/PARA5(7)

MDR has been abolished for transactions which complete, or which substantially perform (see SDLTM07850), on or after 1 June 2024, subject to special transitional rules (see SDLTM29902+.).

Special transitional rules relating to linked transactions, can be found at SDLTM29903

SDLT on the remaining consideration is not calculated simply by applying the relevant rates to the remaining consideration.

The method which must be used is to first calculate SDLT which would be due on the total consideration as if there were no claim for multiple dwellings relief.

The proportion of that amount which is attributed to the remaining consideration is the proportion which the remaining consideration bears to the total consideration.

The total SDLT due is reached by adding this number to the SDLT calculated on the consideration apportioned to the dwellings.