Example 27: Buy-to-let purchase, consideration less than £40,000

 

Example:

Kurt owns a dwelling which he uses as a main residence. He then purchases a dwelling for £25,000 which he will rent out. At the end of the day that is the effective date of the transaction, although Kurt owns two dwellings, as the consideration for that transaction is less than £40,000, the ADS will not apply. 

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