Land & Buildings Transaction Tax (Additional Amount – Second Homes Main Residence Relief (Scotland) Order 2017

For transactions with an effective date on or after 30th June 2017 and provided that the contract was entered into on or after 20th May 2017, no Additional Dwelling Supplement (ADS) will apply when spouses/civil partners/ cohabitants jointly purchase a new main residence which replaces their existing main residence which was owned only in the sole name of one of the joint purchasers. The existing provisions for repayment of ADS are also extended to such an instance.

A copy of the draft order can be found here.  If you have any questions on how these rules work in Scotland or the rest of the UK please speak to Susan Mendelssohn.