Abolition of multiple dwellings tax relief costs Unite Students £67m

By Tom Lowe2024-04-09T11:15:00

Multiple dwellings relief scrapped by Jeremy Hunt in last month’s Budget

Jeremy Hunt’s decision to abolish tax relief for purchasing multiple dwellings has wiped £67m off the value of a fund and joint venture part-run by student accommodation developer Unite Students.

The chancellor announced the abolition of multiple dwellings relief (MDR) for residential property transactions in England in last month’s spring budget.

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