Date posted: 14th Apr 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.
