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ADS Additional Dwelling Supplement in Scotland
fireballpaul
Posts: 47
Forumite
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?
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Comments
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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).1 -
Depends on the value of the property
8% addition LBTT is added to LBTT duebelow:
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%
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