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Property Changes from 1 April 2015 – a reminder

From 1 April 2015 the charges on enveloped properties (those held other than by individuals) are changing.  The tax regime – Annual Tax on Enveloped Dwellings (ATED) -has new bands and rates as below:

Property Value 2014/15 Charge 2015/16 Charge
More than £500k up to £1m (for 2016/17 onwards) - -
Morre than £1m up to £2m - £7,000
More than £2m up to £5m £15,400 £23,350
More than £5 up to £10m £35,900 £54,450
More than £10m up to £20m £71,850 £109,050
More than £20m £143,750 £218,200

The valuation date used is 1 April 2012 or acquisition date if later.

For 2015/16:

  • companies already within the ATED regime will have to submit their ATED return and pay the tax no later than 30 April 2015;
  • companies with properties valued between £1 and £2 million that are new to the regime have until 1 October 2015 to submit their return and 31 October 2015 to pay the charge.

From April 2016 the value limit reduces again to £500,000.



Date: 8th April, 2015
Author: Cathy Corns


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