ATED returns for the year to 31 March 2021 must be filed and any tax paid by 30 April 2020.
ATED applies to 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 2021 is based on the value of the property at 1 April 2017 (or on acquisition if later). The annual charges for 2020/2021 are:
Certain exemptions are available, including for bona fide property developers or investors letting to third parties, 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.
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