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Annual Tax on Enveloped Dwellings

Paul Fay, Partner, Corporate Tax
08/04/2019
canary wharf london
Annual Tax on Enveloped Dwellings (ATED) returns for the year to 31 March 2020 must be filed and any tax paid by 30 April 2019.

Annual Tax on Enveloped Dwellings (ATED) returns for the year to 31 March 2020 must be filed and any tax paid by 30 April 2019. 

ATED applies on residential property owned by non-natural persons, including companies or a partnership with a corporate member. The charge applies for properties worth £500,000 or more. 

The charge for the year to 31 March 2020 is based on the value of the property at 1 April 2017 (or the value on acquisition if later).  The annual amounts are:

Property value  Annual charge
2019-20
Annual charge
2018-19
 More than £500,000 up to £1 million  £3,650  £3,600
 More than £1 million up to £2 million  £7,400  £7,250
 More than £2 million up to £5 million  £24,800  £24,250
 More than £5 million up to £10 million  £57,900  £56,550
 More than £10 million less than £20 million  £116,100  £113,400
 More than £20 million  £232,350  £226,950

 

 

 

 

 

 

 

 

 

Certain exemptions are available, including for bona fide property developers or investors, but a return should be submitted to claim the exemption.

If you have any queries please speak to Paul Fay or your usual Crowe Tax Advisor.

Contact us

Paul Fay
Paul Fay
Partner, Corporate Tax
London