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Land and buildings transaction tax: additional dwelling supplement

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The additional dwelling supplement (ADS) is a 4% surcharge on house purchases, paid in addition to regular rates of land and buildings transaction tax in Scotland and applies when a buyer already owns a home.

If taxpayers buy a new home before selling their old one, they can claim a repayment of ADS provided they sell the old home within 18 months of buying their new one.

Delays in house sales caused by the coronavirus lockdown could result in homeowners missing out on refunds where the old home is not sold within 18 months.

The CIOT has asked the Scottish government to clarify whether it will amend its ADS refund policy in light of the lockdown.

Issue: 1485
Categories: News