UK and International Tax news

ATED Rates For 2019-20

Tuesday 12th February 2019

Revised annual chargeable amounts of Annual Tax on Enveloped Dwellings by taxable value of an interest on the relevant day [being 1 April 2017 or at acquisition if later] apply for the chargeable period 1 April 2019 to 31 March 2020.

Companies owning high value residential property have been required to file ATED returns since 2012. Where an ATED charge was payable, it was calculated on the relevant property’s value on 1 April 2012 or, if later, the acquisition date.  The annual chargeable amounts are increased in line with the previous CPI, which for 2018 was 2.2%.

From April 2018, the ATED payable by companies is calculated on the value of the relevant property on 1 April 2017, or acquisition date if later. 2019/20 returns for existing properties are due by 30 April 2019 with updated values as appropriate.

The revised annual chargeable amounts are:

Property Value                                                     2019-20                      2018-19


£500,001 to £1m                                                    £3,650                        £3,600

£1,000,001 to £2m                                                 £7,400                        £7,250

£2,000,001 to £5m                                               £24,800                      £24,250

£5,000,001 to £10m                                             £57,900                      £56,550

£10,000,001 to £20m                                         £116,100                    £113,400

Over £20m                                                        £232,350                    £226,950


If you would like more information on the above, please contact Keith Rushen on 0207 486 2378.

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