The Annual Tax on Enveloped Dwellings (ATED) tax charge, which broadly applies to companies which own properties that are worth more than £500,000 and are either occupied by a non-qualifying person or are used for a non-qualifying purposes, is due to increase in line with inflation.
The table below shows the annual chargeable amounts within each property band for the 2020 to 2021 period and the increased amounts for the 2021 to 2022 chargeable period, which begins on 1 April 2021.
Legislation will also be introduced to provide ATED relief for housing co-operatives. This relief will apply for all chargeable periods beginning on or after 1 April 2020 so eligible housing co-operatives who have already paid ATED for that period will be able to claim a refund.
Annual Tax on Enveloped Dwellings
Property tax for residential landlords