ATED is a tax imposed by the UK government on companies that own high-value residential properties in the UK as a means of combating tax avoidance. The charges can be anywhere from £4k to over £250k depending on the value of the property.
The ATED return rules can be complex for a number of reasons:
Get in touch and we would be happy to explain if you are liable for ATED. If you are concerned you may have missed previous payments we can also help.
Use our ATED tool as a guide to how much you may owe for the 2023/2024 tax year…
Select the value of the property on 1 April 2022 (or if purchased after, the cost)
Your annual charge is estimated (£):
Again, the rules are complex and the final amount will vary depending on:
Non-compliance with the UK ATED filing requirements can result in substantial fines, so it is important to ensure compliance with the tax. Failure to file a return or pay the tax owed can result in fines, interest charges, and even criminal sanctions in severe cases. There are also fines for late filing and late payment.
Request a proposal
If you have any questions on our Annual Tax on Enveloped Dwelling Service (ATED) please get in touch
and we would be happy to help.