PATD Limited currently operate out of rented premises. As part of an investment plan, the company decides to purchase a dwelling to generate buy-to-let income. At the end of the day that is the effective date of the transaction, the company owns one dwelling. However, as every purchase (i.e. including the first) of a dwelling by a non-natural person (for instance, a company) is subject to the ADS, the ADS will apply to this purchase.