Chartered Accountants
Additional Dwellings Supplement (ADS)
From 1 April 2016, individuals buying a second home or a buy-to-let in Scotland over the value of £40,000 will now incur a Land and Buildings Transaction Tax (LBTT) surcharge on the consideration payable. This is known as the Additional Dwellings Supplement (ADS) and is payable on top of the LBTT due on the purchase.
Our Residential Property Taxperts have put together a factsheet about the general rules of ADS.
Should you need further assistance, please contact our Residential Property Taxperts.
