The end of the granny annexe? How scrapping multiple dwellings relief could affect your property portfolio

Multiple dwellings relief has been abolished. Here is how it could hit the property market.

models of houses
(Image credit: Getty Images)

Yet another property investing relief has been scrapped.

Chancellor Jeremy Hunt used his Spring Budget in March to abolish multiple dwellings relief (MDR), claiming it was being regularly abused, and it was officially scrapped from 1 June.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.