ATED returns and payment for 2019-20

The annual tax on enveloped dwellings (ATED) has to be declared and paid by 30 April 2019 for 2019-20 and the rates for this upcoming charge have just been published. 

ATED was introduced with effect from 1 April 2013 to tackle the avoidance of stamp duty land tax (SDLT). The charge relates to residential property owned by a non-natural person, generally a company or a partnership with a corporate member. Initially the charge was just for properties with a value in excess of £2m but the threshold is now £500,000. 

The charge for 2019-20 (that is, the year 1 April 2019 to 31 March 2020) is based on the value of the property at 1 April 2017 or the value at the date it is acquired if later; the increase in the charge is linked to the consumer price index. 

Property value

Annual charge

2019-20

 

Annual charge

2018-19

More than £500,000 up to £1m

£3,650

 

£3,600

More than £1m up to £2m

£7,400

 

£7,250

More than £2m up to £5m

£24,800

 

£24,250

More than £5m up to £10m

£57,900

 

£56,550

More than £10m up to £20m

£116,100

 

£113,400

More than £20m

£232,350

 

£226,950

Anonymous