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Chartered Certified Accountants
and Business Advisors

01530 267320

The Tax Charge

The annual tax on enveloped dwellings (ATED) is for UK properties only and is a sliding scale starting for property worth more than £500,000. It has been introduced to counter the tax advantages obtained by operating rental properties through a limited company and a partnership. The minimum charge is £3,600 from April 2018 rising to £230,000 for high priced properties, i.e. those worth £20 million plus. These days properties worth £500,000 aren’t unusual. However, that doesn’t mean to say the ATED will apply in every case of a company etc. owning one. There are several reliefs which prevent this.

27 Mar 2018

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Bow Boutique Limited

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