Example:

Ralf already owns a main residence and enters into a contract to purchase a dwelling on 15 December 2015. Ralf will use this new dwelling for buy-to-let purposes. The effective date of the transaction is 3 April 2016.

Although the effective date of the transaction is after 1 April 2016, as Ralf entered into a contract for the transaction before 28 January 2016, the ADS will not apply as it is covered by the transitional arrangements.

Last updated: 
6 April 2016
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