ADS Additional Dwelling Supplement in Scotland

fireballpaul

up to 8% now.   And this ontop of Stamp duty that would be due on a 2nd home?    Anyone with much experience dabbling in the Scottish market? 

user1977

Went up last December, not now, and no, it isn't "on top of stamp duty that would be due on a 2nd home", it is the "stamp duty" due on a 2nd home. You pay LBTT in Scotland, not SDLT.

(also you've posted this on the Mortgages board, but it isn't really a mortgage-related point. General property-buying stuff is more usefully put here).

sheramber

Depends on the value of the property

8% addition  LBTT is added to  LBTT due

below:

Tax Band	Normal Rate	Additional Dwelling *
less than £145k	0%	8%**
£145k to £250k	2%	10%
£250k to £325k	5%	13%
£325k to £750k	10%	18%
rest over £750k	12%	20%