Bob and Babs are married and live in a marital home solely owned by Babs. Bob owns a separate dwelling which he lets out to a third party. Bob and Babs decide to sell Bab’s property and jointly purchase a replacement main residence.
Bob will own, and Babs will be deemed to own, two dwellings at the effective date but only Babs will have sold a main residence within the previous 18 months. For purchases with an effective date of 30 June 2017 onwards, where the contract was entered in to on or after 20 May 2017, the ADS is not payable as the purchase qualifies for relief under Schedule 2A, paragraph 9A of the LBTT (s) 2013.