Tag: ADS

  • Guide to LBTT Additional Dwelling Supplement (ADS)

    Stamp Duty on the purchase of residential properties was replaced in Scotland by Land and Buildings Transaction Tax (LBTT) on 1 April 2015. From 1 April 2016, an Additional Dwelling Supplement (ADS) was introduced for people buying an additional residential property, over and above their main home. The purpose of this article is to explain…

  • Scottish Government Draft Budget for 2017-18, Tax and LBTT Impact

    On Friday, 16 December 2016, the SNP’s Finance Secretary, Derek Mackay, unveiled the Scottish Government’s Spending Plans and Draft Budget for 2017-18. The Budget contains the Scottish Government’s detailed spending plans across various areas but we were interested for the purposes of this blog to examine any proposals that would affect the Scottish property market.…