Additional Dwelling Supplement (ADS) Tax – A Reminder About the Surprise Increase
Taking effect from 16th December 2022, the rate of Additional Dwelling Supplement (ADS) tax increased from 4% to 6%. This is often known as “the second home tax”, where it accounts for the full purchase price of a “second home”. Here is a brief reminder of the general rules in relation to this tax. What is Additional Dwelling Supplement […]
