A limited company owns residential property in the United Kingdom with the property valued more than £500,000 is required to pay an Annual Tax on Enveloped Dwellings (ATED). Below are the annual charge payable based on the value of your property.
ATED for 2019 and 2020
|Property value||1 April 2019 to 31 March 2020||1 April 2018 to 31 March 2019|
|More than £500,000 up to £1 million||£3,650||£3,600|
|More than £1 million up to £2 million||£7,400||£7,250|
|More than £2 million up to £5 million||£24,800||£24,250|
|More than £5 million up to £10 million||£57,900||£56,550|
|More than £10 million up to £20 million||£116,100||£113,400|
|More than £20 million||£232,350||£226,950|
ATED for 2017 and 2018
|Property value||1 April 2017 to 31 March 2018||1 April 2016 to 31 March 2017|
|More than £500,000 up to £1 million||£3,500||£3,500|
|More than £1 million up to £2 million||£7,050||£7,000|
|More than £2 million up to £5 million||£23,550||£23,350|
|More than £5 million up to £10 million||£54,950||£54,450|
|More than £10 million up to £20 million||£110,100||£109,050|
|More than £20 million||£220,350||£218,200|
ATED for 2015 and 2016
|Property value||1 April 2015 to 31 March 2016||1 April 2014 to 31 March 2015|
|More than £500,000 up to £1 million||–||–|
|More than £1 million up to £2 million||£7,000||–|
|More than £2 million up to £5 million||£23,350||£15,400|
|More than £5 million up to £10 million||£54,450||£35,900|
|More than £10 million up to £20 million||£109,050||£71,850|
|More than £20 million||£218,200||£143,750|
Your company must complete the Annual Tax on Enveloped Dwellings return and submit it with HM Revenue and Customs.
Seek accountants advice if you are not familiar with ATED.
In addition to ATED filing, your company must also submit company accounts and confirmation statement to Companies House, a corporation tax return and VAT returns if you are a VAT registered company to HM Revenues and Customs.