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Where Taxpayers and Advisers Meet

One Title Multiple Dwellings

PHat
Posts:1
Joined:Wed Dec 22, 2021 10:53 pm
One Title Multiple Dwellings

Postby PHat » Wed Dec 22, 2021 11:01 pm

Hi,

We are buying a house which has one title however has been split into 3 flats with separate council tax. This will be our main residence but can we get multiple dwelling stamp duty discount and then we come to sell the property given we would sell it as one title would we have to pay additional capital gains even though it's our main residence but three flats.

Thanks for you help
Pete

bd6759
Posts:3745
Joined:Sat Feb 01, 2014 3:26 pm

Re: One Title Multiple Dwellings

Postby bd6759 » Thu Dec 23, 2021 12:08 pm

Are you buying three dwellings that will remain as three dwellings? If so, MDR will apply. If you convert or use as a single dwelling, MDR is not appropriate.

CGT will not apply if the whole area is used as your residence.


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