Example:

Neil and Chris are in a civil partnership. Chris owns the house that they live in as their main residence and Neil is purchasing a buy-to-let dwelling.

At the end of the day that is the effective date of the transaction, Neil "owns" two dwellings (he is the owner of the newly purchased dwelling and, for the purposes of the LBTT(A)(S)A 2016, is deemed to be the owner of his civil partner's existing dwelling ("deemed ownership")) and is  not replacing a main residence. As a result, the ADS will apply.

Last updated: 
6 April 2016
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