Scotland - Additional Dwelling Supplement

sheramber

collieman said:

Paragraph 2(2) is not a subset of 2(1) but on the same level therefore 2(2) can only be considered if 2(1) passes. "Accidental ownership" is a widely used term when someone hasn't been able to sell their house but has already bought their next house. Fight it out between yourselves because as usual in these forums when someone tries to help people who might find themselves in unexpected situations or maybe has a different point of view it's always shot down. If you haven't been caught out with ADS when buying your main residence then go and hijack another post. Goodbye.

So you only want comments rom those who agree with you.

resk

AdrianC said:

collieman said:

Buyers are being caught unaware when buying their next main residence due to "accidental ownership" (buy next main residence before selling current one)

Don't you just hate waking up after a large night, head throbbing... to the dawning realisation that, somewhere between leaving the pub and grabbing that ill-judged kebab that's currently drying onto your duvet, you accidentally bought another house...?

Can't even really claim you won it in a game of cards...

At least the lockdown closure of pubs has reduced the chances of such horrible accidents.

(Still, it's a tiny bit easier to understand that than the whole convoluted chain of accidentally preparing a property to let, accidentally finding a tenant, accidentally signing the tenancy, accidentally waiting for two years while they lived there, then claiming it was all a horrible accident that you ended up a landlord.)

I'm forever accidentally getting gas safety checks, PAT tests, legionella assessments, landlord insurance, registering as a landlord with the council, getting an EPC certificate, engaging a letting agent, installing smoke alarms / heat detectors / carbon monoxide detectors, registering deposits with an approved deposit provider, and conducting credit and reference checks on potential tenants.  What am I like, eh?!  

[Deleted User]

collieman said:

Read the legislation.

I have read the legislation many times and I don’t understand what you’re finding difficult about the “additional” in additional dwelling supplement. What people intend to do with the additional property is irrelevant it’s the in-addition-to-property-already-owned that makes the ADS due. Perhaps you need to look up “accidental” in the dictionary. 

[Deleted User]

collieman said:

Paragraph 2(2) is not a subset of 2(1) but on the same level therefore 2(2) can only be considered if 2(1) passes. "Accidental ownership" is a widely used term when someone hasn't been able to sell their house but has already bought their next house. Fight it out between yourselves because as usual in these forums when someone tries to help people who might find themselves in unexpected situations or maybe has a different point of view it's always shot down. If you haven't been caught out with ADS when buying your main residence then go and hijack another post. Goodbye.

Perhaps I haven’t been caught out by the ADS when buying property in Scotland, which I have done, and will probably do again in the not too distant future, is because I haven’t been living under a rock since 2016 and have read the legislation on a number of questions hence why I’ve been answering questions on the forum about ADS when they crop up for a few years now. 

This is the wrong section of the forum to start a debate anyway. You need to Debate House Prices and the Economy board for these types of threads. 

kittysaver

So I have a flat that is currenlty let out. I don't intend to sell this.

For the past 2 years, I have been a tenant myself - but soon to give notice on that & purchase a new residential home.

Does ADS apply?

_Penny_Dreadful

kittysaver said:

So I have a flat that is currenlty let out. I don't intend to sell this.

For the past 2 years, I have been a tenant myself - but soon to give notice on that & purchase a new residential home.

Does ADS apply?

Yes, the Additional Dwelling Supplement applies because you are buying an additional dwelling.