Example 12: Portfolio owner selling one rental dwelling and buying another

 

Example:

Maureen lives in rented accommodation and owns two buy-to-let dwellings. She decides to sell one buy-to-let dwelling and buy another buy-to-let dwelling. At the end of the day that is the effective date of the transaction, she owns two dwellings. Because she has not replaced a main residence, the ADS will apply.

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