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ADS (Scotland) when sharing a house purchase
freebird73
Posts: 1 Newbie
in Scotland
Wonder if anyone can help clarify the rules on the additional dwelling supplement. My wife and I and my sister and her husband will all be sharing in the purchase of an additional home, with a value of £90k. There is a mention in the exemptions that if any individual share is under £40k, the ADS does not apply. Would this apply where there are multiple buyers, or do my wife and I count as one buyer? Any advice would be very much appreciated.
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Maybe check with your lawyer.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
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