11:01 AM, 12th August 2021, About 2 years ago 4
I am in the process of purchasing 2 flats for £39k each in Scotland from the same seller. Additional dwelling supplement tax (4% of purchase price) is normally zero for properties under £40k.
However, my solicitor has interpreted this as a linked transaction and thinks that ADS is payable on the combined total purchase price. This is because I am using one mortgage for both properties, she advises that if this was a cash purchase, no tax would be liable.
I have read the relevant Revenue Scotland guidance on LBBT and ADS and don’t interpret this the same way. Does anyone have any experience or advice on this?