Annual Tax on Enveloped Dwellings (ATED)

The deadline for submission of ATED returns is 30 April 2024.

This applies if a single dwelling worth/costing more than £500,000 is held by a company or other non-natural person, such as a partnership with a corporate member. You must revalue your property every 5 years in line with ATED legislation.

If the property is being developed or let to unconnected parties, relief from the tax charge is available but a return needs to be submitted to claim it.

Ongoing Requirement

Where a property is acquired during the year, an ATED return must be submitted within 30 days of acquisition, or for a newly built property within 90 days of the earliest of the date:

• the property becomes a dwelling for Council Tax purposes; or
• it is first occupied.

If you need assistance please feel free to get in touch. We will be happy to help.