Hmo - Multiple Dwelling For Sdlt?

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    Hmo - Multiple Dwelling For Sdlt?

    Hi
    I would like to know would an HMO (4 unrelated students sharing 4bedrooms kitchen and dinner) be considered multiple dwelling for Sdlt relief.

    #2
    No, I do not believe so.
    I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.

    That also means I cannot share in any profits from any decisions made!

    Comment


      #3
      The chance of 4 students sharing dinner is remote. They all come in and out at such funny times.
      'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

      Comment


        #4
        Originally posted by Phlash View Post
        No, I do not believe so.
        Could you point me to any documentation on this matter?

        Comment


          #5
          A call out to anyone. Im trying to find something on this on the www but havent found a dickie bird as of yet. Im sure someone has come across this. Is an HMO considered/not considered multiple dwellings for Sdlt multiple dwellings relief.

          Comment


            #6
            If you want to know exactly, try Finance Act 2003 s116(2)(b), which pulls student residential accommodation as a 'dwelling' and within Finance Act 2003 s116(1)(a).

            Thus, I believe, for SDLT purposes the HMO is considered a single dwelling and cannot be 'carved up' to lower the transaction values.
            I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.

            That also means I cannot share in any profits from any decisions made!

            Comment

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            • Damaged artwork expense
              by jtufty
              Hi all

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              24-09-2021, 10:35 AM
            • Reply to Damaged artwork expense
              by ram

              As per above, as the place is "part-furnished", which will not incude pictures on walls.

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              25-09-2021, 16:05 PM
            • Reply to Damaged artwork expense
              by nukecad
              I'd see this as an altruistic gift to your tenant and leave it at that.

              My previous LL (although he had his faults) used to buy the 3 of us in his small HMO a £20 case of beer each at Christmas, I doubt he tried to claim it off tax.
              25-09-2021, 15:46 PM
            • Reply to Damaged artwork expense
              by jtufty
              Its let "part-furnished". (she didnt have a bed, so I put a bed in there, and the white goods, and the [now-broken] picture and a few other bits n bobs)...
              25-09-2021, 15:13 PM
            • Reply to Damaged artwork expense
              by Section20z
              You don't need to write anything. Retain the receipt and just include the appropriate amount in youR expenses/capital totals...
              25-09-2021, 13:57 PM
            • Reply to Damaged artwork expense
              by ram

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              25-09-2021, 11:43 AM
            • Reply to Damaged artwork expense
              by jtufty
              Thanks guys. I dont know what came over me! A momentary wave of altruism. Most unlike me!

              I have the receipt. What should I log it as? Should I literally just write "capital expense" or should I be more specific such as "replacement of broken picture"?
              25-09-2021, 06:45 AM
            • Reply to Damaged artwork expense
              by jpkeates
              It's a replacement item of furniture and its allowable as such.
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              24-09-2021, 13:16 PM
            • Reply to Damaged artwork expense
              by Section20z
              That sounds definitely like an improvement as you didn't have to splash out £50 you crazy dude.
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              24-09-2021, 11:59 AM
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