Annual Residential Property Tax Update

• Published date: 27 July 2021
• Law Firm: Wedlake Bell
• Author: Andrew McIntyre

In this article for Globally Speaking, we take a look at recent trends regarding the UK's annual property company tax, ATED.

What is ATED?

ATED, or to give it its full name, the Annual Tax on Enveloped Dwellings, is a tax which is charged every year in relation to UK residential properties owned by companies and certain other structures. ATED is charged on a daily basis which means a company could be liable to pay ATED for certain periods of the year but not others.

The total tax payable for the current ATED year (which runs from 1 April) is as follows:

Property value	Tax for this year
Over '500,000 to '1 million	'3,700
Over '1 million to '2 million	'7,500
Over '2 million to '5 million	'25,300
Over '5 million to '10

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