Example:

Brian runs a sole trader property investment business, Placebo Properties, that currently owns only non-residential property. Brian decides to buy a residential property through the business to rent out. Brian lives in rented accommodation and so the dwelling bought by his business will be the first dwelling that he owns. As the dwelling has been acquired in the course of a property investment business, the ADS will be payable. 

Last updated: 
5 April 2016
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