Example:

12 months ago, Lou sold the house that was his main residence and left Scotland to travel the world. He bought three flats to provide rental income to fund his travels. Lou then returns to Scotland and decides to purchase a new dwelling as his main residence.

At the end of the day that is the effective date of the transaction, Lou owns four dwellings but, as he has sold a previous main residence within the previous 18 months and is buying a next main residence, the ADS will not apply to the next main residence purchase transaction.

Last updated: 
5 April 2016
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