The 3% LBTT surcharge, though described as relating to "second homes" actually applies to many purchases of what may appear to be a main residence. Mistakes can be very costly. Brodies Corporate Tax & Incentives team give practical advice on navigating through the ADS elephant traps such as:

• Which existing properties count against you

• Does the replacement of main residence relief apply

• What counts as a dwelling/when is a basement another dwelling

• The new ADS relief for couples

• Estates, farmland and buy to let properties

LBTT Additional Dwelling Supplement - tricks and traps


Isobel d'Inverno

Director of Corporate Tax