Annual Tax on Enveloped Dwellings (ATED)
- Property related tax payable by companies owning UK dwellings worth more than £2million.
- The £2m threshold is reducing in 2015 to £1m - and in 2016 to £500k so many small limited companies could get caught!
- Introduced 1 April 2013
- Affects non-charitable companies and partnerships owning a property valued or acquired at over £2m
- Thresholds apply and are subject to change.
- Relief must be applied for, via an annual return.
- Charities owning such assets are exempt
- The tax is payable in "bands" a bit like Council Tax.
- Consult HMRC for more info or your accountant.
See also
Published: 24 September 2015 Last Updated: 13 January 2022