Annual Tax on Enveloped Dwellings

Annual Tax on Enveloped Dwellings

Annual Tax on Enveloped Dwellings (ATED)

From 1 April 2013 the ATED applies to ‘high value’ residential properties owned via a corporate structure, unless the property is used for a qualifying purpose. From 1 April 2015 the tax applies to properties valued at £1m or more (previously £2m or more). There are many reliefs that can remove or reduce the charge, but in order to claim a relief, an ATED return must be submitted. The 2015/16 ATED return and tax due must generally reach HMRC by 30 April 2015.