Example:

Mr and Mrs Butler own two dwellings jointly. Although they spend time in both, only one of these dwellings is their main residence. If they sell the dwelling that is their main residence and purchase their next main residence, they will not pay the ADS, as, at the end of the day that is the effective date of the transaction, they own two dwellings but are replacing their main residence.

However, if they sell the dwelling that is not their main residence and purchase another second dwelling to become their main residence, they will pay the ADS, as, at the end of the day that is the effective date of the transaction, they own two dwellings and have not replaced their main residence.

Last updated: 
6 April 2016
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