Question to the HM Treasury:
To ask the Chancellor of the Exchequer, on how many occasions the exemption in relation to the multiple dwellings relief for property transactions of six or more separate dwellings FA03/S116(7) was used in 2017-18; and what estimate he has made of the revenue foregone to the public purse as a result of that relief.
Information on multiple dwellings relief is available; this information available relates to two or more properties. The cost of this relief was published in the publication ‘Estimated cost of structural tax reliefs’ in October 2019. The number of cases claiming that relief is available in the Annual Stamp Taxes Publication which was also published in October 2019.
Specific information for six or more properties would only be available at disproportionate cost.