Annual Tax on Enveloped Dwellings (ATED) – 1 October 2015 Deadline!

Topic Author:

Topic posted on:

9:39 GMT 10.09.15

Post Author Date

From 1 April 2015, the ATED charge has been extended to residential properties owned or partly owned by non-natural persons with a value of more than £1 million.


Non-natural persons for these purposes are companies, partnerships with corporate members or collective investment vehicles.


All non-natural persons holding UK residential property with a value of more than £1million will be required to submit an ATED return to HM Revenue & Customs however there are various reliefs and exemptions available from the annual charge which may be claimed on the ATED return.


The due date for filing the 2015/16 ATED return is extended to 1 October 2015 for those non-natural persons claiming relief against the ATED charge, and for those owning property which falls into the new £1m-£2m tax band. The payment date for any ATED tax due on these properties is 31 October 2015.


From 1 April 2016, a new £500,000 to £1 million band will take effect with an annual charge of £3,500.


If you hold or are purchasing property through a corporate vehicle with a value of £500k or more, it is important to consider the impact of the ATED and whether any reliefs or exemptions may be available as well as evaluating the appropriate structure for any future purchases of residential property.


Please contact Toby Hermitage for further guidance in this area.



Toby Hermitage

10.33 GMT 10.09.2015