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Additional Dwelling Supplement - Scotland

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  • theartfullodger
    theartfullodger Posts: 15,701 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 30 March 2022 at 4:17PM
    acm21 said:
    Presumably you've been making a profit from renting and the B2L will sell for more than you paid for it?
    Yes I hope so, although ex-local authority so won't match the crazy high prices that most of the Scottish property market is seeing but enough to recoup the 4%
    My experience: Sold 2 ex Scottish homes houses in the last 3 years : Each sold for more than 3x purchase price:  

    Proudhon: Property is theft. - see
    https://en.wikipedia.org/wiki/Property_is_theft!

    - hangs head in shame...

    Slàinte mhath!
  • sheramber
    sheramber Posts: 22,518 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    You need to check if you will have CGT to pay when you sell BTL property.
  • theartfullodger
    theartfullodger Posts: 15,701 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Good point -CGT must be declared and paid within 60 days of sale (Rishi...)
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