The additional dwelling supplement (ADS) is a 4% surcharge on
house purchases, paid in addition to regular rates of land and buildings
transaction tax in Scotland and applies when a buyer already owns a home.
If taxpayers buy a new home before selling their old one, they
can claim a repayment of ADS provided they sell the old home within 18 months
of buying their new one.
Delays in house sales caused by the coronavirus lockdown could
result in homeowners missing out on refunds where the old home is not sold
within 18 months.
The CIOT
has asked the Scottish government to clarify whether it will amend its ADS
refund policy in light of the lockdown.
The additional dwelling supplement (ADS) is a 4% surcharge on
house purchases, paid in addition to regular rates of land and buildings
transaction tax in Scotland and applies when a buyer already owns a home.
If taxpayers buy a new home before selling their old one, they
can claim a repayment of ADS provided they sell the old home within 18 months
of buying their new one.
Delays in house sales caused by the coronavirus lockdown could
result in homeowners missing out on refunds where the old home is not sold
within 18 months.
The CIOT
has asked the Scottish government to clarify whether it will amend its ADS
refund policy in light of the lockdown.
