Rates & Tools

Tax rates

Annual tax on enveloped dwellings

  • An annual tax on enveloped dwellings (ATED) is chargeable on residential property with a value of more than £5,000,000 that is owned by a company, partnership (having one or more companies as a member) or collective investment scheme. ATED is chargeable from 1 April 2013. The tax rate is set in bands according to the value of property value (see Notes). There are various reliefs, e.g. if let commercially to an unconnected third party, if held for charitable purposes, if held as part of a property development business, etc. There is a proportionate reduction in certain circumstances, e.g. ownership for only part of a year, change of use, etc.
  • There are linked CGT measures.
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