PR HartleyFCA

Chartered Accountant & Registered Auditor

ATED


Annual Tax on Enveloped Dwellings

added 3 March 2016

ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £1 million.

You'll need to complete an ATED return if your property:

  • is a dwelling
  • is in the UK
  • was valued at more than £2 million on 1 April 2012, or at acquisition if later, for returns from 2013 to 2014 onwards
  • was valued at more than £1 million on 1 April 2012, or at acquisition if later, for returns from 2015 to 2016 onwards
  • is owned completely or partly by a
    • company
    • partnership where one of the partners is a company
    • collective investment scheme - for example a unit trust or an open ended investment vehicle

There's a change in rules for returns from 2016 to 2017 onwards. If your property was valued at more than £500,000 on 1 April 2012, or at acquisition if later, you'll need to complete an ATED return.

More information on AETD including how much you will need to pay can be found on the gov.co.uk website.