14 April 2025
A non-natural person (normally a company) that owns residential properties, may need to complete a Return to declare the “Annual Tax on Enveloped Dwellings” – also known as ATED.
The deadline for completing the ATED Return is 30 April 2025.
This will be a Return for the period 1 April 2025 to 31 March 2026 and is required where the company owns an interest in a UK residential property valued at over £500,000 at 1 April 2022 (or acquisition if later).
If you are unsure of the value of any residential properties owned by your company, then a formal valuation may be required. We can introduce a suitable surveyor, if required.
The charge due is based on the property value, as below:
Property value
Annual charge
Between £500k and £1m
£4,450
Between £1m and £2m
£9,150
Between £2m and £5m
£31,050
Between £5m and £10m
£72,700
Between £10m and £20m
£145,950
More than £20m
£292,350
Some reliefs may be available, such as when the property is used in a property rental business but care is needed when related parties occupy the property.
In addition, if a relief is due, an ATED Return is still required to be submitted to HMRC with the claim for relief.
If you have any queries regarding ATED, please contact us.
