Buy to let or

holiday home

There are lots of reasons why you might want to buy a second property. Before you go ahead, make sure it's something you can afford and that you're aware of all the potential costs involved.

You'll have to pay any standard Transaction Tax, which varies across the UK and is based on the price and location of the property you're buying. You might also have to pay an Additional Dwelling Supplement. You can find how much you may have to pay by using the calculator on the Revenue Scotland website.

If you're considering buying a property at auction, our guide can help you understand what's involved and what costs you may have to cover.