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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