Example:

Ben and Antonia live together in rented accommodation. Ben also owns a buy-to-let property.

They now decide to buy a new main residence whilst keeping Ben's buy-to-let property. At the end of the day that is the effective date of the transaction, Ben and Antonia will own two dwellings.

Although they have purchased a new main residence, they will not have disposed of the ownership of their previous main residence (as they lived in rented accommodation) therefore the ADS will apply.

Last updated: 
13 October 2016
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