Tag: second home

  • 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…