Example:

Douglas and Bobbie are purchasing a dwelling which they intend will be their main residence. Douglas and Bobbie each already own a dwelling which they decide to keep as buy-to-let properties. The ADS will therefore apply to this next main residence purchase transaction.

20 months later, Douglas and Bobbie both sell their previous main residences and make claims for repayment of the ADS paid. Although they have each sold a previous main residence, as they did not dispose of these residences within an 18 month period beginning with the day after the day that was the effective date of their next main residence purchase transaction, they will not be eligible for a repayment of the ADS paid.

Last updated: 
6 April 2016
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