White Logo

Additional Dwelling

Supplement Tax Rise Effective From Today

Additional tax will be payable from today (Friday 25th January 2019), if you plan to invest in a second property, foradditional dwelling example a buy to let, a flat for your child while at University or as a holiday home. As of today, the government is raising the tax you are required to pay from 3% to 4% of the purchase price.

The Additional Dwelling Supplement (ADS) is a tax payable to Revenue Scotland on the purchase of a second property over the value of £40,000. Introduced in 2016, the rate of ADS has remained steady at 3%. However as of today, Friday 25th January 2019, it will rise by 1%.

ADS rules can be difficult to navigate and they apply in many different circumstances. If you require advice on ADS or any other property matter please contact Stephen Mullan or Jenna McLaughlan at Oracle law on 0141 404 1091.

Get in touch with us

We're happy to discuss your requirements! Either fill out the form below, or give us a call on 0141 332 0915.

More To Explore

Navigating Your Legal Needs with Oracle Law

Oracle Law, a leading law firm in Glasgow, proudly offers unparalleled legal services, tailored specifically for both businesses and individuals. Our broad spectrum of expertise allows us to assist with virtually any legal need – whether big or small.

Read More »

Partner with Oracle Law: Your Go-To Property Developer Solicitors

In the realm of property development, having fluent legal assistance isn’t an added luxury; it’s an essential asset. The legal landscape of property development moves at a fast pace, filled with intricacies and potential pitfalls. Therefore, Oracle Law offers expert services – providing invaluable legal counsel for property developers – serving as your dependable Property Developer Solicitors.

Read More »

Contact Oracle Law

With expertise across the spectrum of Scottish Law, we'd be happy to discuss your needs!

We're always delighted to speak to you or meet you on an informal basis to discuss your requirements.

Let's have a chat