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Tuesday, May 10th, 2016
What is Annual Tax on Enveloped Dwellings?
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
£1 million on 1 April 2012, or at acquisition if later, for returns from 2015 to 2016 onwards
£500,000 on 1 April 2012, or at acquisition if later, for returns from 2016 to 2017 onwards
is owned completely or partly by a:
partnership where one of the partners is a company
collective investment scheme – for example a unit trust or an open ended investment vehicle
A new ATED band will come into effect on 1 April 2016 for properties valued between £500,000 and £1 million. The normal filing and payment date for properties falling into this new band is 30 April 2016.
ATED returns must only be submitted on or after 1 April in any chargeable period.