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LBTT second property refund or not?
Victorwelldue
Posts: 114 Forumite
In this hypothetical unusual scenario...
1. I own property A outright. It is my main & only residence and has been for many years.
2. I purchase second property B outright (no mortgage)
3. I pay the LBTT including ADS (Scottish "stamp duty" & additional dwelling supplement)
4. I move into property B as my main residence and I still own property A (property A is not being used)
5. I sell property B within 3 years of purchase and move back to property A.
I now only own property A. Do I qualify for refund of the ADS?
1. I own property A outright. It is my main & only residence and has been for many years.
2. I purchase second property B outright (no mortgage)
3. I pay the LBTT including ADS (Scottish "stamp duty" & additional dwelling supplement)
4. I move into property B as my main residence and I still own property A (property A is not being used)
5. I sell property B within 3 years of purchase and move back to property A.
I now only own property A. Do I qualify for refund of the ADS?
0
Comments
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Nope. You would if you sold property A.
The rules are here:
https://revenue.scot/taxes/land-buildings-transaction-tax/additional-dwelling-supplement-ads#claimADS3
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