The Annual Tax on Enveloped Dwellings regime first introduced in October 2013 now captures any residential property valued at over £500,000 on 1 April 2017 owned by a corporate. Properties that have been within the ATED charge previously were required to be revalued as at 1 April 2017.
The corporate, or as the legislation calls it ‘non-natural person’, has an obligation to file an ATED return for each year it holds such residential property and the next filing deadline is 30th April 2018.
The ATED charge for the current year (year ending 31 March 2019) will be as follows:
