ATED – the often forgotten tax

For companies, the preparation and filing of the annual corporation tax return is usually what springs to mind when the word tax is mentioned. However, the Annual Tax on Enveloped Dwellings (‘ATED’) is often forgotten and can catch out companies...

ATED payment problem caused by changing HMRC references

An unheralded effect of the annual tax on enveloped dwellings (ATED) changing to its new online system has just emerged and may cause difficulties for taxpayers paying tax when or before they submit their returns if not handled properly. Remember,...

ATED – annual charge increased for all but lowest band

Although not mentioned in the Chancellors Speech, the Annual Tax on Enveloped Dwellings (‘ATED’) charges that will apply for 2017/18 have been increased slightly from those for 2016/17 for all bands except the lowest band. Somewhat surprisingly, for a tax...

ATED net will be cast wider from 1 April

As the tax net is cast ever wider to increase revenues without “increasing taxes”, the annual tax on enveloped dwellings (ATED) is to be extended to properties valued over £500k and up to £1m from 1 April 2016, with an...

Non-residents’ CGT on residences could mean the end of PPR elections

The Government’s consultation about taxing non-residents on their gains derived from UK-residential property goes further than simply extending UK CGT to make non-residents taxable on disposals of UK residential property in the same way as UK residents.  The new rules...

Annual Tax on Enveloped Dwellings (ATED)

ATED amounts 2014/15 The value bands for ATED will remain the same in 2014/15 but the amounts of ATED payable on each band are increased as follows: New ATED bands in 2015/16 and 2016/17 From 1 April 2015 a new...

De-enveloping residential properties – SDLT implications

Until the introduction of the annual tax on enveloped dwellings (ATED) there were tax advantages in having high value residential properties owned by a company rather than personally. Since 6 April 2013 ATED imposes an annual “charge” of between £15,000...