Do you hold UK residential property via a corporate structure? Have you considered if ATED applies?
ATED is a tax charge on companies, partnerships with at least one corporate member, and collective investment schemes, including unit trusts that own residential property in the UK.
From 1 April 2016 the threshold at which ATED applies was reduced with ATED now applying to UK properties worth over £500,000. It is important to note that the valuation date of the property is 1 April 2012 (or the acquisition date if later) and not on 1 April 2016 when the rules were extended.
