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 |
SHARE THIS
Articles from this Author
1st November, 2018
Budget 2018 - Changes for businesses
22nd October, 2018
Making the most out of your home? Rent a room relief
3rd May, 2018
Tax changes for non-resident corporate landlords
4th April, 2018
EMI options - a current risk
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
Tweet
Our London team are enjoying the office roof terrace, sunshine and stunning views this afternoon #LondonSkyline… twitter.com/i/web/status/1…
Great learn and lunch today with Emma from @macmillancancer lots of inspiring fundraising ideas for our charity of… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole