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The Additional Dwelling Supplement (ADS) is a property tax specific to Scotland, targeting landlords and individuals acquiring additional residential properties.
Introduced in 2016, ADS imposes a 6% charge on the total purchase price of additional residential properties valued at £40,000 or more. This tax applies to second homes, buy-to-let properties, and additional residential properties, significantly impacting upfront costs for landlords.
ADS is a crucial consideration for landlords expanding their property portfolios, as it influences financial planning and investment decisions.
For detailed information and guidance on ADS, landlords can consult Revenue Scotland's official website or seek assistance from qualified tax advisors specialising in property taxation.
Keep abreast of any changes to ADS rates and to ensure you remain compliant with property tax laws, please get in touch with www.espc.com/l...
ABOUT ESPC
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Whether you are buying, selling, a property investor or renting, ESPC is here with expert advice and thousands of properties for sale across Edinburgh, the Lothians, Fife, the Scottish Borders, central Dumfries and Galloway, and West of Scotland.
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