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British Property Federation says Jeremy Hunt’s abolition of Multiple Dwellings Relief will hit industry investment
The housing sector has hit out at the chancellor’s decision to abolish a targeted tax incentive originally designed to boost institutional investment in housing and the build to rent sector.
Chancellor Jeremy Hunt styled his Spring Budget as a tax-cutting intervention, however he surprised property industry observers by announcing the abolition of Multiple Dwellings Relief on stamp duty – which applies when buyers make bulk house purchases.
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