Example:

Alan owns a dwelling that is his main residence. He is purchasing his next main residence, but rather than selling his previous main residence he will rent it out. At the end of the day that is the effective date of the transaction, Alan owns two dwellings and is not replacing a main residence (as he is not selling his previous main residence), and therefore the ADS will apply.

Last updated: 
5 April 2016
CAPTCHA
Security check. Please answer this simple maths problem. E.g. for 1+3, enter 4
7 + 13 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.